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To: Alex who wrote (8276)	3/13/1998 3:29:00 AM
From: Abner Hosmer	Respond to of 116820

Japan's economic situation getting more severe-MOF biz.yahoo.com >>TOKYO, March 12 (Reuters) - The condition of Japan's stagnant economy is becoming increasingly severe, Vice Finance Minister Koji Tanami said on Thursday. ''The economy remains stagnant, and we recognise that the severity is increasing,''<< Yen to keep falling as scandals hold off reform biz.yahoo.com >>''Uncertainty over the economic outlook and the government's ability to do anything about it are going to prolong dollar strength,'' said Robert Blake, economist at Citibank in London.<<

To: Alex who wrote (8276)	3/13/1998 3:38:00 AM
From: Abner Hosmer	Read Replies (2) \| Respond to of 116820

Alex - Man, these guys are really up against it. I doubt the Japanese banking system can withstand a recession, Alex. Sure, we can all bail out Korea and Thailand if all goes well. Indonesia looks really iffy. But somebody tell me what they're gonna do if Japan goes. It's like we are riding in a brand new luxury automobile that we paid for in cash, and there is a bomb underneath the seat. Maybe it will go off, maybe it won't. Time to get some shuteye.. Take it easy - Tom