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To: Bill Harmond who wrote (78626)9/25/1999 7:58:00 PM
From: Lizzie Tudor  Read Replies (3) | Respond to of 164684
 
Did you see there is a bunch of speculation on yahoo and Discover that AOL is set to buy excite?



To: Bill Harmond who wrote (78626)9/26/1999 10:45:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
nytimes.com

September 26, 1999

Japan Agrees to Rare Moves to Try to Halt Rise
of Yen

By DAVID E. SANGER

ASHINGTON -- Japan Saturday yielded to international pressure
and agreed to take some extraordinary steps to reverse the recent
and surprising climb of the Japanese yen against the dollar, which
has rattled Wall Street in recent days and threatened to choke off Japan's
recovery.

After an all-day meeting here Saturday, the finance ministers of the Group
of Seven largest industrial countries issued a joint communiqu‚ saying the
Japanese authorities had, in effect, agreed to even deeper deficit spending
and to begin printing yen to spark inflation. Interest rates in Japan are
already virtually zero, so the move represents a last-ditch effort to keep the
yen's rise from making the country's exports more expensive, thus
threatening their competitiveness around the world.

In return the United States and other major nations issued a vague threat that
they might jointly intervene in the markets to weaken the yen and strengthen
the dollar, a warning sign to currency traders who have been dumping the
dollar in recent months.

There is more worth reading.

Glenn