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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: E. T. who wrote (228415)	2/19/2002 5:50:30 AM
From: E. T.	Respond to of 769670

Traders couldn't believe their ears when Mr. Bush relayed to a news conference that he and Prime Minister Junichiro Koizumi, outlining his plans to revive Japan's economy, had placed equal emphasis in their talks on banks' non-performing loans, "the devaluation issue" and regulatory reform. The yen's value is an extremely touchy subject for Japan's Asian neighbours and U.S. manufacturers, who suspect that Tokyo is willing to tolerate a cheaper currency as a way of spurring exports and stoking a little bit of inflation. Most traders doubted Mr. Koizumi would have publicly mused about devaluation and assumed that Mr. Bush, famous for gaffes such as a pledge to "put food on your family," had meant to say "the deflation issue." globeandmail.ca