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To: bw who wrote (6152)	12/26/1997 1:30:00 AM
From: Dragon 1	Read Replies (2) \| Respond to of 95453

As we speak, Japan is up some 2% due to Hashimoto's pledge to have more tax cuts to salvage the situation. Just entered positions on Tues. in GLM, GW, MDCO and BDI. By the way, is CHK a good play here? It seems there are so few following this one. Regards

To: bw who wrote (6152)	12/26/1997 9:57:00 AM
From: chirodoc	Respond to of 95453

<<<<<Seems that S.Korea is more important at this point, being the bigger basket case. If these markets can show some strength by market open tomorrow, it could bode well for us all.... .......don't kid yourself--the korea stuff is short term basekt case whreas as japan has been in recession for 8 years and is in danager of still making the same sutpid mistakes .........japan is the second biggest world economy. you need to watch them closely. if they can deregulate, cut taxes, and stimulate consumer damand--all of asia will rebound. remember, china, ASEAN countries sell to japan--they are a very vital market--if japan goes down--so does most of asia. ....conversly if japan rebounds watch for drillers to start next upleg. ....just my opinion.