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Non-Tech : MBK---------Bank of Tokyo Mitsubishi Ltd -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (14)	3/22/1998 11:42:00 AM
From: JG	Read Replies (1) \| Respond to of 170

The Japanese government has not made the necessary decisions to turn around their shrinking economy. Richard Koo, chief economist of the Nomura Research Institute and a U.S.Nobel laureate, likens Japan's actions to President Hoover in the early 30's. He didn't do enough to arrest the Depression. Milton Friedman agrees when he said, "the Japanese government has been behaving like Hoover in 1930-31, holding back on public spending. They need to open the money gates." Don't believe we have seen the bottom yet and won't for some time.

To: chirodoc who wrote (14)	3/22/1998 11:47:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 170

chirodoc-- great post and I liked your style crisp and clear now some more questions- tell me more about this dip to 14000 15000 region what makes you think we shall revisit the lows-- I would assume lower bond yields benign inflation and 13$ oil price would some how get reflected in the bottom lines next quarter I may suggest that if 15500 region is not pierced we may trade in between on JPN 165 and 190 if so why not to sell combo of puts and calls like 150 and 190 time erosion can gives us some nice additional money- I will anyway cover my naked calls if I sell above 186 but I have feeling that we are bottoming in Japan but anyway I will keep my ears close to ground zero-- I will look at India carefully and try to make some buck as feel good factor around new government seeps within international investors I feel this government may have a honey moon period longer then any previous incoming government.