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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3263)	4/25/1998 5:52:00 PM
From: Mohan Marette	Respond to of 9980

Not very impressive,if you ask me! Old man Keyenes would have been proud. Zeev: First of all the income tax relief is not permanent as it is just a two year deal,nothing long lasting here just a band aid. Public works spending might create some jobs and give the economy a little boost but nothing spectacular. Didn't they spent some 80 billion dollars a few years ago to kick start the economy,if I recall that didn't work very well either. If we were to go by the general market reaction and the opinions of various experts this thing isn't going to help much at all. Finally Bob Rubin applauded the move but said more needs to be done or something like that.Just my two 'paisa' worth or is it 'anna'??

To: Zeev Hed who wrote (3263)	4/25/1998 8:53:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Zeev, Thank you for the comments on Japan's efforts. I was waiting for someone wiser then I to comment. I am disappointed they didn't announce permanent tax cuts. There is no way that this package is going to stimulate local spending IMO. Furthermore, the Postal savings is still a captive it looks like to me. Am I missing something? Best, Stitch

To: Zeev Hed who wrote (3263)	4/26/1998 12:49:00 PM
From: Worswick	Read Replies (2) \| Respond to of 9980

Zeev re to yours,"....if all the big bang of releasing the post office savings from its shackles is only $30.5 billion that is a very small of the total (we were talking about 2% of these funds possibly leaking into the world markets or $200 billion annually, but that seems to have been shelved)". Has this been shelved? Forgive me I haven't been current. I have been working. Is the postal savings money now been excluded from "the new era of finance" in Japan and has it again been locked up by the bureacrats who now won't allow these funds to be expatriated? Very important. Please comment. OK? My best to you, as always old pal