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To: PaulM who wrote (7528)	2/12/1998 10:01:00 PM
From: PaulM	Read Replies (3) \| Respond to of 116996

Japan Won't Back "Overseas" Bonds if Nomura Involved biz.yahoo.com

To: PaulM who wrote (7528)	2/13/1998 1:26:00 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116996

Some background on currency boards: biz.yahoo.com

To: PaulM who wrote (7528)	2/13/1998 7:14:00 AM
From: Mark Bartlett	Respond to of 116996

Paul, <<Hello all. Rupiah is down 25% as I write. Supposedly on opposition to the dollar peg plan, though I expect the rioting may have also had its impact. >> I suspect that you are right ... what a mess. Got to feel sorry for those people. They are a resourceful bunch, but IMO this mess is going to take a few years before it even _begins to improve. I also think that the real magnitude of the Asian financial fiasco will not unfold until the Olympics are done .... the Japanese do not want to ruin the moment with economic woes. MB