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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: fut_trade who wrote (1318)8/10/1998 2:19:00 AM
From: fut_trade  Read Replies (2) of 3902
 
Markets watching Kajiyama speech to opposition

TOKYO, Aug 10 (Reuters) - Seiroku Kajiyama, runner-up to Keizo Obuchi in last month's race for Japan's leadership, is due to speak to a group of opposition members of parliament on Monday evening, sources said on Monday. Brokers said the speech has become a focus of market attention, with participants keen to see if the speech was a move by Kajiyama to form an alliance with like-minded conservative politicians or if there were other political motives behind it.

Kajiyama, a former chief cabinet secretary, is set to address the group from 6 p.m. (0900 GMT).

The group is a study group whose members once belonged to the now disbanded New Frontier Party and who have now dispersed among smaller opposition parties, the Liberal Party, the Good Governance Party and the New Peace Party.

An official at Kajiyama's office said the topic of the speech had not been set, adding there were no particular political motives behind it and that Kajiyama was attending to hear opposition opinions about how to restructure Japan's financial system.

The group of about 50 parliamentarians meets around once a month and it is the first time that they have invited a member of the ruling Liberal Democratic Party to address them.
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