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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (8483)	12/16/1997 9:28:00 PM
From: JEFF CHAPMAN	Respond to of 9285

Wednesday should see a strong market w/ the latest news out of Japan: TOKYO, Dec 17 (Reuters) - Tokyo stocks benchmark surged over five percent in late trading on Wednesday morning cheered by Prime Minister Ryutaro Hashimoto's announcement a 2 trillion yen special income tax cut will be implemented. As of 0144 GMT, the Nikkei average was up 805.90 points or 5.04 percent at 16,791.11, erasing losses which brought it to a low of 15,795.20 early in the morning. Its March futures were up 880 at 16,850, 120 points away from the daily limit. ''This is the sort of news that the market has been waiting for,'' a trader at a middle-sized brokerage said. Hashimoto on Wednesday announced a one-off cut in the national income tax to jump-start the country's stalled economy.