JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: fut_trade who wrote (1346)	8/15/1998 5:06:00 AM
From: chirodoc	Read Replies (1) of 3902

peter i do agree with you that japan is in dire straits; but i also think that their recently INCREASING trade surplus tells us that their exporters are still alive and doing well; do not tell me that sony honda toyota and matshushita are not world class companies; i bet you that in the next 1-2 mos obuchi will compromise with the DPJ and produce a stronger bank bill,they will cut taxes and start deregulatiion of the telecom industry next spring; the DPJ is now as strong as the LDP creating the first 2 party system since WW2; the DPJ will likely allay themselves with other factions producing a broad coalition of groups to counter the rigidity of LDP-in fact this has already happened; this is the bottom although the dithering by LDP will slow the process-but it will happen; over here in europe while on vacation i still see lots of japanese tourists-reflecting a still relatively strong economy beset by political problems and inefficient bureacracies; remember that at the height of our bank problems citicorp was selling for around the same price as MBK and we were written off as an economic basket case curtis

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