To: pater tenebrarum who wrote (97005 ) 4/21/2001 9:09:51 PM From: Don Green Read Replies (2) | Respond to of 436258 heinz I haven't seen you around a lot of the sites you use to hang out at?? I thought you might find these interesting O.T. Morgan Stanley To Invest Heavily In Japanese Property Sunday, April 22, 2001 TOKYO (Nikkei)--Morgan Stanley plans to invest 5 billion dollars over the next three years in Japanese real estate, The Nihon Keizai Shimbun learned Saturday. The big U.S. investment bank hopes to cash in on a depressed real estate market expected to come back to life with the lifting last November of a ban on Japanese real estate investment trusts. A boom is anticipated despite the continuing decline in land prices, which were down 4.9% on average at Jan. 1 from a year earlier, the Land Ministry reported last month. Morgan Stanley plans to buy office and apartment buildings, mainly in greater Tokyo, believing that some prices in the capital have bottomed out. It has already snapped up the Ebisu Prime Square development in Tokyo's posh Ebisu district from failed Chiyoda Mutual Life Insurance Co. for some 40 billion yen. The property comprises a 62-unit apartment building, a 22-story office building and three commercial wings and has a total floor space of 70,000 sq. meters. (The Nihon Keizai Shimbun Sunday edition) ============================================ Koizumi Gains Stranglehold On LDP Leadership Race Sunday, April 22, 2001 2:04 a.m. JST TOKYO (Nikkei)--Junichiro Koizumi took a giant stride forward Saturday to being elected president of the ruling Liberal Democratic Party and becoming the next prime minister of Japan, having swept all eight prefectures in the preliminary round of voting for the leadership position regards Don