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To: Radim Parchansky who wrote (64520)	6/24/1999 10:13:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> AG said - the bubble is not a huge problem even if it burst. With the average american having more equity in the stock market than their homes, for the first time in this nation's history, i find it surprising that he would say the bubble bursting is not a huge problem.

To: Radim Parchansky who wrote (64520)	6/24/1999 10:16:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Radim <Speaking at a regular news conference, Miyazawa also reiterated his view that there was no need for the Bank of Japan (BOJ) to directly underwrite Japanese government bonds (JGBs).> In plain English this means 'we' (Japanese) are going to sell US bonds and induce others to do the same. Japan is going to help AG drain the pool -- they are only nervous about choking off their own recovery while the pool is being cleaned -- but they have to dance with the one that brung-em.