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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (25206)	9/8/1999 1:11:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, i applaud the Japanese government's deficit spending policies in principle. it is the only way to mobilize the savings pool. of course there is a risk that lots of white elephants are created along the way (you know, the bridges that lead to nowhere), but i don't see an alternative at this point. worries about the Japanese public sector deficit are overblown imo. as i have posted last week, it is likely that this will accelerate the flow of capital into Japan, and that can't be bad from the Japanese POV. regards, hb