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To: kapkan4u who wrote (30698)	3/8/2001 2:39:31 AM
From: Petz	Read Replies (2) \| Respond to of 275872

"Japanese Finances Close to Collapse" is a chilling story. Doesn't seem to be reflected in the Naz futures. /Petz

To: kapkan4u who wrote (30698)	3/8/2001 8:05:15 AM
From: Dan3	Read Replies (2) \| Respond to of 275872

Re: Yen Falls as Miyazawa Says Japan's Finances Close to Collapse Terrible news for Japan, but their short term solution, letting the Yen fall, will have a minor anti-inflationary affect here in the United States. If Japan opens up their equity markets a little more, it may also help to siphon off some of the remaining "excess" liquidity carried over from the Y2K liquidity increase engineered by the Fed as a protective measure (although the market has already taken care of much of that "problem"). Whatever the likelihood was of (at least) a .5 percent decrease by the Fed at their next meeting, it's a little more likely now. Regards, Dan

To: kapkan4u who wrote (30698)	3/8/2001 10:23:09 PM
From: Joe NYC	Respond to of 275872

Kap, OT, Here is another spin of the Japan story: thetimes.co.uk The authorities have poured billions of yen into public works in a largely vain attempt to rescue the economy from its worst malaise in decades. Wasteful spending on airports, dams and roads has inflated public debt to the biggest in the industrial world. In the past ten years it has more than doubled to reach 134 per cent of Japan’s total annual economic output. Mr Miyazawa, who admits that he has presided over the build-up of the debt, did not elaborate on what reforms he thought were necessary but hinted that taxes would have to rise to stave off catastrophe. Gee, first they killed the economy by sucking private money through borrowing, now they want to "stave of catastrophe" by sucking more money from the economy through higher taxation. It seems that the rest of Asia managed OK the slow decline of Japan. I hope this will not trigger region wide or world wide recession. Joe