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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (454)	11/19/1997 10:17:00 AM
From: Don Westermeyer	Respond to of 3902

Pete, A government bailout is easier said than done. They only have a few options to do this. One is to sell their reserves of US bonds. Another is to raise taxes which would surely send the economy into a recession. Either way it would be difficult to actually come up with with enough money to support all the bad loans and equity the banks anre now holding.

To: fut_trade who wrote (454)	11/24/1997 7:12:00 PM
From: fut_trade	Read Replies (2) \| Respond to of 3902

Equities Insight/Nikkei -2: Officials' Remarks May Support November 24, 1997 23:37:14 GMT HTS - HTS ...Finance Minister Hiroshi Mitsuzuka made some on Monday, suggesting that he "couldn't rule out" the idea that using public money for the banking system was necessary... "The drop will occur in the morning and in the afternoon the government will try to talk the market up, so it should stabilize," Arai said... He and other traders said that given reassurances by the Bank of Japan, the Finance Ministry and the Tokyo Stock Exchange, they expected Yamaichi's liquidation to go smoothly, without jolts to the market from defaults or major short squeezes.... -By Mia Nielsen; (813) 5255-2955; mnielsen@ap.org -0 11-24-97 1837EST