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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (5784)	8/23/1998 11:03:00 AM
From: Stitch	Read Replies (1) of 9980

Zeev, I agree that overcapacity and low demand must be addressed but I would not characterize my suggestions as band aid so much as immediate and positive first steps. In fact I am not sure that you will get demand in Japan no matter what the incentives until you show the world our earnestness in taking a leadership role in solving the problems. (Not to mention reducing the rate to a point that t-bills are at least less competitive.) The greater problems of overcapacity and demand must be dealt with in a series of policy changes IMO. In an case, I agree, you have "cut to the chase". Best, Stitch

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