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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever??
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To: Peter Singleton who wrote (139)2/17/1999 1:22:00 PM
From: Cynic 2005  Read Replies (1) of 309
 
Wednesday February 17, 1:01 pm Eastern Time
Rubin declines comment on Japan yen policy
''In terms of monetary policy, this is an issue which Japan must determine,'' Rubin said.

Rubin said Japan's fiscal policies, provided they were implemented as planned, were ''good steps.''

Reiterating the administration's long-held position, he said strong Japanese growth, led by domestic demand, was crucial both for Japan, for its Asian neighbors and for the global economy.

Rubin said Europe needed structural reforms to pave the way for strong, domestic-demand led growth, but he declined to give specific policy recommendations.

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