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To: PaulM who wrote (8043)	3/3/1998 11:25:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116779

I can't understand rebound in the Japanese market . I have a thought that stemmed off following url but head quartered in Asia and subsidiaries in the USA trying to cut costs currency difference could possibly play a major part. satellite.nikkei.co.jp Summary Of BOJ Meeting Reveals Gloomy Economic Outlook TOKYO (Nikkei)-The first-ever public minutes of a Bank of Japan Policy Board meeting on monetary policy, released Tuesday, revealed a dim view of the country's economic outlook among board members. The minutes indicate many participants in the Jan. 16 meeting expressed concern that commercial banks will grow even more cautious over the next few months about lending money to businesses. The summary, also released on the Internet, mentioned that in-depth exchanges of opinions were made about Japan's credit crunch. It also suggested the current restrictive lending attitude of banks may have a negative psychological effect on households and companies. As to the central bank's continued policy of ultra-low interest rates, members took the view it is appropriate to maintain the status quo to curb a rise in corporate fund-raising costs. (The Nihon Keizai Shimbun Wednesday morning edition)