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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (7489)	11/21/2001 11:12:29 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

That is more or less what was suggested Nov 6th (#reply-16618756), a breach of the 1628 expose us to the full wrath of the retest (1458, worst case 1425, as posted a number of times since September 21st). ZXeev

To: ajtj99 who wrote (7489)	11/22/2001 12:08:36 AM
From: puborectalis	Respond to of 99280

Japan trade slump sparks global fears Sales of high-tech products have been hard hit By Charles Scanlon in Tokyo Japan's trade surplus fell by 32% in October compared to the previous year, with a decrease in both exports and imports. The continuing trend reflects a drop-off in exports in line with the global downturn. Junichiro Koizumi's priority remains long term restructuring With the country heading into a prolonged recession, the government is promising additional measures to try to stimulate demand. Japan's once-massive trade surplus continues to shrink at a rapid rate. Sales of high-tech products have been hit hard since the end of last year because of the sharp slowdown in the United States, the key market for Japanese goods. For all that, Japan still ran a substantial surplus for the month of $3.8bn, and the trade balance with the United States remained heavily in Japan's favour at $5bn. Alarming weakness The size of the surplus was once a source of bitter controversy with Washington. Now that it is shrinking, the United States is far more concerned about alarming weaknesses in the Japanese economy, and the possible damage it could do to the world's financial system. Unemployment is at a record high of 5.3% percent, and manufacturers are continuing to lay off workers. The recession is forecast to last through next year as well. Cap on borrowing The Prime Minister, Junichiro Koizumi, had been resisting pressures to take additional stimulus measures. Worried by the size of the national debt, the largest in the developed world, he promised a cap on additional borrowing. But the administration has now agreed on a second supplementary budget this year in an effort to generate growth. Mr Koizumi says his priority is still long-term restructuring, but he is hoping to buy some time by alleviating the current economic pain.