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To: goldsnow who wrote (6203)	1/17/1998 11:01:00 PM
From: Alex	Respond to of 116762

users.dircon.co.uk

To: goldsnow who wrote (6203)	1/18/1998 8:41:00 PM
From: goldsnow	Respond to of 116762

Japan policy chief indicates possible share action 02:53 a.m. Jan 18, 1998 Eastern TOKYO, Jan 18 (Reuters) - The ruling Liberal Democratic Party's top policy maker indicated on Sunday the government may take action that would affect Japan's sagging stock market before major companies close their books for the fiscal year. ''The end of March is very important for stocks,'' Taku Yamasaki said on national broadcaster NHK. Japan's fiscal year ends March 31. ''Something needs to be done (apart from previously announced financial stabilisation measures),'' Yamasaki said. Japan's parliament is likely soon to pass LDP-backed legislation that would cut income taxes for fiscal 1998 as well as provide support for Japan's deposit insurance system. ((Tokyo newsroom +813 3432-8018 email: tokyo.newsroom+reuters.com)) ^REUTERS@

To: goldsnow who wrote (6203)	1/18/1998 8:54:00 PM
From: goldsnow	Respond to of 116762

From Bloomberg: S. Korea President-Elect Kim Says 1 Million Firings Possible South Korean President-elect Kim Dae Jung said 1998 will be a ''year of harsh trials'' and said the country could experience up to 1 million firings and double-digit inflation this year, the Associated Press reported. In a two hour television program in which Kim answered questions from panelists, the studio audience and people on the street, he said, ''We're just entering a dark IMF tunnel; the real ordeal will begin from now on,'' the AP reported. ''In an era of a global economy, we can't survive without foreign investment. We should welcome it,'' the AP reported Kim said.