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To: Abner Hosmer who wrote (1002)	1/3/1998 3:28:00 PM
From: Don Green	Read Replies (1) \| Respond to of 1756

Asian Crises and Japan's problems are TOTALLY different. Japan's problem is a total lack of confidence in their Govt. If you look at their economic problems and their politcal problems they go are one. As I have stated before Japan's problem is the people have the money, they have just stopped spending it on anything other than bare neccessities... As I have also stated Japan is like a automobile with a full tank of gas but a clogged fuel line. They keep chugging along only slightly moving ahead... Once they solve thier poliical problems they will again be THE POWER for American to compete against. The Japanese character flaw of being so slow to change, just amplifies their problems. Regards Don

To: Abner Hosmer who wrote (1002)	1/3/1998 3:50:00 PM
From: Richnorth	Respond to of 1756

Tom, Thanks for updating me on the Japan situation. If anyone has read Prime Minister Hashimoto's recent statement that Japan has so much in US bonds and so much in cash etc and that Japan will not go under by any means, anyone might have wondered why Japan had not done more to help themselves early on. To be sure, we have been inundated with so many conflicting reports about so many things (inflation/deflation, gold, Japan, EMU and what not) that it is not funny. Let us all hope that 1998 will see us wiser and more alert to opportunities. Regards, Richnorth