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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Bonnie Bear who wrote (16981)1/26/1999 12:33:00 AM
From: IceShark  Read Replies (2) of 86076
 
Looks like Tokyo is taking note of SlickWilly/EasyAl/Rubin's plan to keep equities ratcheting up and never down:

TOKYO, Jan 26 (Reuters) - Tokyo stocks extended early gains to move higher in early afternoon trade on Tuesday amid growing expectations that Japan's debt-ridden banking sector will be forced to speed up solving their bad loan problems.

At 0415 GMT, the benchmark Nikkei stock average was up 253.24 points or 1.78 percent at 14,462.05. Nikkei March futures were up 330 at 14,480.

Hopes based on news the government may consider setting up a government body to purchase stocks to stimulate the stock
market also boosted sentiment, traders said.

Japan's Liberal Party said on Monday it would consider calling on the government to set up a body to purchase stocks to help the stock market.
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