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To: Larry J. who wrote (3194)	5/17/1998 4:24:00 PM
From: CPAMarty	Read Replies (1) \| Respond to of 5058

looks like the yen will be appreciating against the dollar....... investors.com Japan vows to tackle debt woes Japanese Prime Minster Ryutaro Hashimoto is planning ''drastic measures'' to tackle the country's bad- debt problem involving land sales, issuing asset-backed securities and allowing weak domestic institutions to go bankrupt, a spokesman for the Japanese government said. The official said Hashimoto told President Clinton at the G-8 summit in Birmingham, England, that there's a need for ''drastic measures'' to ''grapple'' with the mountain of non-performing loans among Japanese institutions. Hashimoto emphasized that ''perhaps the most important task for his own government . . . is to reform and strengthen the financial system,'' the spokesman said.