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To: Joseph G. who wrote (1940)12/8/1997 8:44:00 PM
From: Janice Shell  Respond to of 2563
 
J+

Well tehre. Dornbusch was perhaps right, sort of.

Tokyo stocks rose nearly two percent in early morning trade on Tuesday, encouraged by media reports that Prime Minister Ryutaro Hashimoto was urging the ruling Liberal Democratic Party to consider issuing about 10 trillion yen worth of new government bonds.

Not really as efficient as simply printing money, but it's a start.

J


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