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To: marginmike who wrote (51071)12/25/2000 9:31:57 AM
From: UnBelievable  Respond to of 436258
 
Country Specific Joy

"Market sentiment was also buoyed by the government's supporting measures starting next fiscal year," he said.

Some estimates put the coming annual flow in the stock market from the giant postal savings and public pension system at more than Y2 trillion.

The Ministry of Posts and Telecommunications said Sunday that about 10% of the postal savings funds it invests on its own will be put into stock markets in Japan and overseas over five years from the fiscal year starting next April.

And the Nihon Keizai Shimbun estimated that a Ministry of Health and Welfare committee's proposal Friday for allocating the public pension funds portfolio would result in at least Y1 trillion a year in fresh investments in domestic stocks.

12/25/2000
Dow Jones News Services
(Copyright © 2000 Dow Jones & Company, Inc.)



To: marginmike who wrote (51071)12/25/2000 6:34:25 PM
From: Lucretius  Respond to of 436258
 
trust me.... he's comin to town... HO HO HO