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

To: Les H who wrote (55252)	6/25/2000 9:40:00 PM
From: Don Green	Read Replies (1) \| Respond to of 99985

Monday, June 26, 2000 Election Results Negative Long-Term TOKYO (Dow Jones)--Given that Sunday election likely to ensure another Mori-led Cabinet with similar line-up, (and therefore no shift in policy), short-term outlook for stocks and JPY neutral to slightly positive, and mildly bad for bonds, says Marshall Gittler, analyst at Bank of America. But long-term bad for Japan because it means country voted against change needed to deal with structural problems; implication is more years of sluggish, below-potential growth rather than "V"-shaped growth pattern, he says.