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To: Mark Buczynski who wrote (6611)	11/27/1997 5:32:00 PM
From: TokyoMex	Respond to of 31646

Subj: Re Japan and US Treasuries Just got through eating El KAjuns Lousiana fried turkey. It was friggin unbelieable. Cooked a 22 pounder for Japanese and Korean expat families. My friend Shoji Taniguchi, VP of Morgan Stanley , world head quarters had following comments. All 25 % of US treasuries owned by Japanese. Of all Japanese bonds 90% is owned by the Japanese govt. He says non govt owned portion of which is .05 will be sold soon, and will not creat any impact at all. Greenie will nit raise the interest. I asked what if Japanese has to sell to bail out the banks ? His response is that in lieu of Japanese bonds held here US will lend the funds to the Japanese banks and corporations. He says not to worry. He says however , Korea is a problem. The majority Korean banks hold Korean trusts such as KEPCO ( Korea Electric Corp and few other semi govt owned entities and ROFL , listen to this the Brazil onds. <G> May be I should run for an office in Korea, One bank Korea Commerce Bank tried to raise 100 mil from Morgan and Smith BArney but both of them would not touch it. Of all Korean banks only Shin Han Bank has Moodys ++++ all other Korean banks with exception of Korea Central Banks gonna have to go the second rate investment banks to raise capital at much higher rates. He further says we will see another one more correction in Jan - Feb Why ? Take a guess ......... Of all place Russia. Yeltsin put a 30 day restraining order on selling. Guess what all the investors are lined up to sell in the Q. Which means W.Germany will be first one to suffer because of detante and unification W Germany put more money in Russia more than any one else. Oh yes Koreans will suffer because of Russia sell. From Gorbachefs days in order for S. Korea to get a membership in the UN Korea brown nosed , investing heavy in to Russia, even tho most of the payment terms were barter ... <<<ggg>>>> C ya on line folks. Oh he says buy Korea Fund for long term Also Hong Kong is safe now. Joe