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To: Czechsinthemail who wrote (16309)4/3/1998 1:39:00 PM
From: derek cao  Respond to of 25960
 
Re: Japan is in a different position from other Asian countries in that they have an enormous amount of capital.

Baird, very good point! But on the flip side, Japan get a much better chance to misuse the capital. Capital just like other good things in life: it is good only when it is used with moderation. IMHO, Japanese problems lie in too much regulation and too much savings.

derek