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To: JohnG who wrote (51766)	11/25/1999 10:48:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

To: JohnG From: Ruffian Thursday, Nov 25 1999 10:46PM EST -Preview- Good Luck.> quote.yahoo.co.jp quote.yahoo.co.jp Ruff

To: JohnG who wrote (51766)	11/25/1999 10:58:00 PM
From: Ruffian	Respond to of 152472

Thursday November 25, 10:40 pm Eastern Time POLL-Japan investors to add US shares, shed bonds By Akiko Ishiwata TOKYO, Nov 26 (Reuters) - Japan's institutional investors plan a hefty boost in their global stock investments next month, with the U.S. market benefiting in particular, a Reuters survey showed on Friday. The monthly Global Asset Allocation survey found global stock weightings at their highest levels since the survey began in March 1995 and bonds falling to their lowest, with investors also allocating less of their portfolios to cash. Investors said the Federal Reserve's interest rate hike this month quashed U.S. inflation worries for the moment, while global recovery was generally bad for bonds and easing fears about the millennium computer bug meant less need for cash. ''U.S. inflation concerns have receded and the attractiveness of investing in stock markets worldwide is increasing,'' said an investment manager at Tokyo Securities. ''We've cut our cash weighting 10 percentage points and shifted that into stocks.'' The survey of December plans, conducted late this month, found investors planning to boost global equities holdings by 5.33 percentage points to an average 54.86 percent of their portfolios. Among the 11 investors' expanded equity investment, U.S. and Canadian stock weightings were up 0.98 percentage point at 40.02 percent, Japanese shares were down 0.34 point at 23.22 percent and euro-zone stocks were off 0.77 point at 22.00 percent. ''The Fed has raised rates three times, but bullishness in the market is on the rise and funds are again shifting into share investments,'' said an official at Okasan Securities. ''The environment for New York stocks is improving and we expect the Dow to test new highs.'' Japanese share weightings, although down a bit, remained near two-year highs. British and non-euro-zone European shares were up slightly, while weightings for Asian and emerging market shares remained flat. Globally, bond weightings were down 2.66 percentage points at 29.78 percent, a record low for the survey, and cash was down 2.65 points at 15.37 percent. Within the shrinking bond investment pie, the euro-zone weighting edged up 0.36 point to 39.07 percent, North American weightings were flat at 36.57 percent and British bonds were up 0.78 point at 11.07 percent. The big bond loser was Japan, down 1.14 points at 9.07 percent. For the 10 investors that forecast a range for the dollar's exchange rate against the yen in December, the average range was 101.60 yen to 109.90 yen. The dollar was quoted at 104.34/42 yen at midday on Friday. The average forecast range for the benchmark Nikkei stock average was 17,522 to 19,300. The Nikkei ended Friday morning trade at 18,682.50.