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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (798)	3/26/1998 4:44:00 PM
From: Aaron Cooperband	Read Replies (1) \| Respond to of 3902

Ramsey - The Japanese generally prop up their equity market by directing the government-run pension funds to buy until their price target is achieved. Their purpose is to help the banks (who are way long stocks and count their stock positions in their BIS ratio calculations) to avoid showing a loss as of fiscal year end March 31. This strategy is obviously not in the best interest of pension fund holders, but the pain is both hidden from the average citizen and postponed to the future. Aaron

To: Ramsey Su who wrote (798)	3/27/1998 9:27:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 3902

<<<< Cutting taxes would only work if the consumers have the confidence to spend the savings. .......Are you a socialist? you are not reading the same economics ideas that i am. ........look at the business environment in the u.s., england, etc. and then read about thatcher and reagan, kennedy and you will see that tax cuts improve the mood of the country and stimulate investment and risk taking--2 things missing in japan. ......japan is living in pork barrel land.