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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (7815)	11/13/1997 4:56:00 PM
From: Mark Nelson	Respond to of 18056

Re: <What happens tomorrow?> Japan MOF announces economic policy changes tomorrow AM. Could see some upside there. From Nikkei Evening News Despite the market's more stable tone, traders said the Nikkei could well fall below 15,000 points next week unless a second set of economic stimulus proposals by the ruling Liberal Democratic Party, to be announced Friday, contains major fiscal stimulus such as an income tax cut. So far, top LDP officials have insisted that Japan can't afford major fiscal stimulus because of its budget deficit. 'Basically, what the market has been waiting for is a tax cut,' said Keiko Kondo, a strategist at Merrill Lynch Japan. If the government fails to come up with something that the market welcomes, the current vicious circle, with gloomy sentiment dragging down the market, will likely continue.' Onward... Mark