Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (219766)	2/8/2003 10:02:56 AM
From: Les H	Respond to of 436258

Bush ministers and US senators urged to buy QQQs Japanese ministers urged to purchase stocks 2003/2/8 TOKYO, Agencies Put your money where your mouth is, Japan's top economic policy minister told the cabinet Friday, urging ministers to buy investment funds linked to the sagging Japanese stock market. "In order to encourage individual investors to buy stocks, it is important that policy leaders buy stocks too," Heizo Takenaka, minister for economic and fiscal policy and financial services told reporters after a cabinet meeting. "I want us to take the lead," he said. Takenaka urged cabinet ministers to buy exchange-traded funds (ETFs), investment trusts linked to stock market indices. Japan's Nikkei 225 index has been hovering near 20 year lows and Friday morning fell 0.34 percent or 28.84 points to end the early session at 8,455.35. Top government spokesman Chief Cabinet Secretary Yasuo Fukuda also tried to talk up the market. "We are bringing together policies that will without doubt invigorate the Japanese economy in the future," Fukuda told a news conference. "It means buying into the future and so the time to buy is now." Both Takenaka and Fukuda said they would buy ETFs, Kyodo News reported.