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To: Venkie who wrote (26391)	12/28/1997 6:57:00 PM
From: Fangorn	Respond to of 176388

Venkie, That Government official is saying that they should keep on doing what got them into this mess. Not good. They need to let banks and companies fail if they want to compete in the world anymore. The Japanese government just doesn't get it yet. They blew it with the recent tax cut too. It is only for one year and even for the one year the cut is smaller than the increase in the value added tax (the single most stupid tax in human history) they put in recently. The good part (for us) is that all those Japanese women who take care of the household savings aren't stupid. They will take the one time tax cut and invest it here. They certainly aren't going to put it in a Japanese bank at 1/2% and forget the Japanese stock market.