XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.81

0.0%

Nov 24 3:58 PM EST

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To: Bluegreen who wrote (6953)	8/16/1998 2:59:00 AM
From: Tharos	Read Replies (1) of 17367

I don't anticipate much happening. Same party in power, new PM but surrounded by "old guard" in all the cabenate positions. If an equivilent shakeup in the next election happens, then a new party may try and tackle the tax problem. As long as the LDP remains in power, expect business as usual in gvt. Business still has a very long term outlook (a 25 year strategic plan is the norm). Large business is intertwined with each other thru stock ownership. Government keeps calling on banks to support marginal companies through loans. Economic goal of Japan is to get maximum employment for its people. The freewheeling spending is reigned in, business has contracted sufficiently. Joke in Japan is every fourth generation has to repurchase physical assets (inheritance tax is 33%). I think the opening of Japanese markets will have more impact than any government tax plan. There is still a lot of profit built into the system. 50 points is norm, even in grocery stores. Competition forcing these profits into a "US" type spread will do much more for the Japanese than proposed tax relief ever will. All IMO.

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