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To: Lizzie Tudor who wrote (74809)	8/20/1999 12:34:00 PM
From: H James Morris	Respond to of 164684

>>Yes those are bad policies, they need to write off everything and start over, guess they don't want to do that.<< Michelle, it appears that Japan is finally getting the point. As you know I have some Japanese funds that in the next year should out perform Janus. Why they haven't wanted to?? The Japanese hate to lose. We had to drop two A-bombs the last time before they would surrender. Now, it appears that they're are starting to surrender those bad loans. Ps I hope now one here takes my flip, as being me being anti Japanese. I respect their culture immensely.