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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (14699)	3/7/1998 11:16:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 18056

Zeev, >>As for Japan, if they do not find a way to increase consumer demand domestically, they are going to plunge themselves and possibly the rest of the world into one nasty recession, and domestically, it could be even worse than just a recession. I have listened to Japanese public officials and they seem to be firm on keeping the nation an export economy with a high savings rate. They also have said they will not become a consumer nation, pointing out over time what happens using the US high debt as an example. They also do not seem to have a sense of urgency. i.e. fix a short term problem with a short term solution. I don't think they are going to worry about a short term recession. It seems to be their own type of capitalism not ours. If they are going to solve the problem "our way" it is my opinion they will need a new group of folks in power to change things. BTW, I think this is why Rubin is worried. Just some of my observations. Joan