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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (2127)	11/5/1999 9:48:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 3902

borb, The reason that most feel Japan presents a problem for Y2K is due to the relative lethargy they showed for years on the issue (except their banks). It wasn't until January of this year that Obuchi's govt was convinced to take Y2K more seriously and to prepare for disruptions through contingency planning. I know an individual who has been quite heavily involved personally in these negotiations, and arm twistings. The stories I've heard are amazing (but I probably can't repeat them for fear of creating problems for my friend). But the most positive comments I've heard about countries in the region are that Singapore's govt has been the most proactive. Additionally, there are concerns that the sheer size of these economies make the chances of disruptions more likely. However, I personally doubt that the physical disruptions will be as grievous as the psychological disruptions as people exaggerate the extent. It could create some interesting political backlashes. In sum, Japan, being bigger, has a greater possibility for disruption. Especially with all of those automated systems they seemed so very fond of back in the '80s throughout today. Something tells me that Y2K was not a concern then. We'll see. Regards, Ron