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To: CRICKET who wrote (22530)	11/22/1997 10:25:00 PM
From: Rosemary	Read Replies (2) \| Respond to of 176387

Cricket, I'm sure we'll see a knee jerk reaction at first, then out will come the calming news of what the nations are planning on doing, etc. And we must keep thinking that that article is one man's opinion. In other words, we need more information. I plan on watching for other news postings, so we can get the full picture.

To: CRICKET who wrote (22530)	11/22/1997 11:29:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Cricket: Sorry to butt in but to debate a point,what 'far reaching consequences for us' are you referring to? The Yamaichi news was already out Friday(though not officially). In my modest opinion,the Japanese economic woes are a direct result of bad economic policies of the Japanese goverment and nothing more. It is not like the Japanese government is on the verge of bankruptcy, they just lack the political will to implement the necessary monetary and fiscal policies. They have plenty of money to rescue their own, it is one of the very few countries who run a surplus year in and year out and to top it all Japan is the largest creditor nation in the world. Lastly, to alleviate your anxiety about the impending economic doom,I like to say that I heard the director of Japanese Economic Institute say the other day that the Yamaichi thing could do some modest amount of damage to the Japanese economy in general and he expect very little effect on the U.S economy because of it. Having said that,I like to say that I can not vouch for the general behaviour of the investing public here in the U.S,if everybody decide to panic and dump their stock in mass hysteria, you are on your own and I, on my own. I think I will call it a day now.