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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (5291)	6/8/2000 9:48:00 PM
From: pater tenebrarum	Respond to of 5676

Don, this is what was said in the report: -- Japan posted 2.4 percent quarter-on-quarter growth in the January-March period, or up an annualised 10.0 percent. It was lower than the median forecast of a 2.9 percent rise in a Reuters poll. i remember a few months back industrial production actually rose at an annualized 43%...there were two or three months of surprisingly strong data out of Japan. as soon as the supplementary budget fiscal booster was used up, the anemic data we're all used to returned. but Japan has now a bigger budget deficit and a few more bridges no-one needs...:) seriously, i think they should try rate hikes. they tried everything else and it hasn't helped. perhaps giving Japanese savers a return on their savings will. furthermore a rate hike would be a strong signal that the BoJ believes a sustainable upswing has begun...it may be what's needed to change the deflation/depression psychology. regards, hb