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

To: borb who wrote (696)	1/21/1998 10:28:00 PM
From: chirodoc	Respond to of 3902

<<<< Most likely the upward trend will maintain for the next couple month for Nikkei and Yen. ..i am getting itchy to buy--how about you? .....i may step up to a small position in NTT and SNE. what do you think about getting in now?

To: borb who wrote (696)	1/22/1998 12:43:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 3902

from thestreet.com Japan right now has put its credibility on the line -- and I think it is taking a bigger risk than it might know. The prime minister, Mr. Hashimoto, and his colleagues in the Ministry of Finance and Bank of Japan, have gone far out on a limb by promising the market a wide-reaching and effective economic stimulus package. This is the No. 1 factor that accounts for the recent rally in the Japanese market. The problem comes down to the old currency trader's saw "Japan never fails to disappoint." If the yet-to-be formally defined package disappoints, the judgment of the market on Hashimoto will be savage. The Nikkei will fall like a ton of bricks. And that goes double for dollar/yen.