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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: plugger301 who wrote (26406)	9/19/2002 9:04:34 AM
From: MeDroogies	Read Replies (1) \| Respond to of 39683

LOL. I had to laugh when I read about the BOJ. For years, they've tried every trick to prop up the market without appearing to interfere, and without requiring greater transparency in corporate reporting. The depressed nature of the Nikkei isn't as much an indication of an economy recovering from a bubble as much as it is lack of faith in corporate oversight. This move by the BOJ is a great short term thing....though I'm not sure taxpayers are going to enjoy paying to support a market that has done them no favors lately. Still, something needed to be done and the Japanese, using some form of wisdom that I have yet to figure out, have hit upon a great solution (for the next few days anyway...LOL). US companies have far fewer issues than those in Japan. The ones that we are faced with are doosies, to be sure (options, CEO pay packets, fraud). But they are being dealt with openly. It's hard to say the same about their Japanese counterparts.