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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (686)	1/19/1998 10:07:00 PM
From: chirodoc	Read Replies (1) \| Respond to of 3902

<<<<I also like Fuji photo ......yes, they have eaten kodak's lunch and continue to do so. i also forgot that NTT is a stock to look at. .............. today merrill said don't buy above 15K--predict drop below 15K when full effect of ASEAN crisis has hurt japan--that should be the point of maximal lows--before full deregulation and tax cuts take effect and when the negative effects of asia are seeming insurmountable for the japanese export machine. ........some more below ------------------------------------------------------------------------ Monday January 19, 8:17 pm Eastern Time INSTANT VIEW - BOJ January economic report TOKYO, Jan 20 (Reuters) - Following are economists' reactions to the Bank of Japan's economic report for January, in which the central bank said the economy was stagnant and was likely to remain so for a while YUKIO YANBE, DKB RESEARCH INSTITUTE ''The strongest impression is that up until now they have said that the economy would eventually move towards a recovery but now they are saying the economy will be stagnant for some time.'' ''Until now there have been two possibilities -- that it would get better and that it would get worse, and of course it was difficult for the authorities to say that things would get worse. That they have clearly said it might get worse is because the government has taken some policy steps -- it justifies the measures taken and also has the effect of giving confidence, because the government can say it has taken care of things.'' PETER MORGAN, SENIOR ECONOMIST, HSBC SECURITIES JAPAN ''I think they are too optimistic about net exports, which will turn negative (because of the Asian turmoil). They are not pessimistic enough yet. They are trailing (reality) at a certain distance.'' Asked about prospects for stimulative fiscal steps, he said: ''Whatever they are going to do next is not going to be enough.'' KENJI ARATA, ECONOMIST, MCM ASIA PACIFIC ''This report tells us that the BOJ has growing caution over prices. Although it says prices will remain stable, it also says it will watch moves in prices carefully. That means that the BOJ is worried about a further fall in prices, and that is a bit different from its previous assessment. ''I believe that the BOJ has made a more severe assessment on Japan's economy in the report. The report, for example, said the economy has become more vulnerable to additional external shock.''