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To: Bobby Yellin who wrote (3805)	12/4/1997 8:18:00 AM
From: Richnorth	Respond to of 116856

Recession for the Rising Sun? Japan may be headed for a recession of full-blown proportions, say analysts. According to a Dow Jones news service report, the country's gross domestic product growth for the July-September quarter was much slower than expected -- only 0.8% in the July-September quarter compared with expected quarterly growth of 1.2%. And growth prospects through March 1988 don't appear any better. Meanwhile, the yen is worth a lot less these days, and that's likely to make Japanese exports a lot cheaper, reports the New York Times. And it could get worse. Analysts expect the dollar to rise as high as 140 yen, a level not seen since 1991. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ According to one Don Green of the World Outlook thread, Japan has been depressed for the last 6 years or so. So the above piece of news in actually non-news. Richnorth