Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (12133)	1/28/1998 9:38:00 PM
From: jhild	Respond to of 22053

Japan a hair lower at the break. Other Asian markets moving up smartly. Nikkei.net story seems encouraging: BOJ Matsushima: Higher Stocks, Yen Show Worst Is Over TOKYO (Dow Jones)-The recent rise in Japanese stock prices and the yen's recovery against the dollar indicate that the Japanese financial markets have passed their worst phase and may be stabilizing, a senior official of the Bank of Japan said Wednesday. Masayuki Matsushima, director of the central bank's research department, said during a speech that the improvement in the markets reflects expectations for additional measures from the government to boost the economy. The official said that the nation's wholesale prices are declining, even though overall prices remain stable. He added that there are no fears of deflationary risk in the Japanese economy. The BoJ's Matsushima said that it is appropriate to maintain the current monetary policy, characterized by low interest rates,observing that cutting the official discount rate won't spur domestic demand further. The Bank of Japan has kept its official discount rate at 0.5% from September 1995. 'The Bank of Japan has kept interest rates low for a long time.As a result, the effect of low interest rates to spur the economy is diminishing,' Matsushima said. The central bank sees widespread effect on general market interest rates from the cautious lending attitude by financial institutions, Matsushima said and reiterated the bank's stance to continue supplying ample funds to the money market. satellite.nikkei.co.jp