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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (2058)11/12/1998 10:23:00 AM
From: Wally Mastroly  Read Replies (2) of 15132
 
Justa, Re: Japan

biz.yahoo.com

"..Dealers said Japan's seventh stimulus package since 1992, laying out plans for the government to adopt an extra budget worth more than 10 trillion yen including a 4 trillion yen income tax cut, failed to surprise markets.

''What was disappointing was that there was no mention of cutting the (five percent) consumption tax'', Schein said. The tax is viewed as a key element which hastened Japan's slide into recession..."

If this analyst is correct, it sounds like Japan still "doesn't get it".
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