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

To: don pagach who wrote (4397)	6/11/1998 2:46:00 PM
From: Joseph Beltran	Respond to of 9980

Rubin has spoken: biz.yahoo.com

To: don pagach who wrote (4397)	6/11/1998 2:47:00 PM
From: MikeM54321	Read Replies (3) \| Respond to of 9980

don, Thanks. Three things stood out as I read the article you posted: *"The ministry decided to set up the organization to oversee management of 126 trillion yen of public pension monies."* Can you believe that number. If I'm not mistaken, 126 trillion yen converts to $900 billion US. That's a lot of public pension money. "Some members of the ruling Liberal Democratic Party had urged using public pension funds to prop up stock prices ahead of corporate book-closings at the end of March. Now from the statement above, it sounds like there is no public pension fund money in their equities markets currently. "The Health Ministry intends to submit to the Diet next year a bill to put the study group's proposals into effect in fiscal 2000." Does that mean there currently is public pension money already propping up their equities markets? That Business Week article may have referenced this, but I don't remember. Or, is the Health Ministry simply saying it is okay to invest the money, but let's follow the new rules starting in 2000? Thanks, MikeM(From Florida) PS Last year when it was proposed that Social Security money be invested in the US equities markets, I was thinking that may be a good idea. But now as I see our markets getting over inflated, month after month, I'm not so sure anymore. If this blows up in Japan's face, this is a lesson the US can definitely learn from.

To: don pagach who wrote (4397)	6/11/1998 5:20:00 PM
From: Mark Myword	Read Replies (1) \| Respond to of 9980

>>> TOKYO (Nikkei)-A study group formed by the Ministry of Health and Welfare will recommend that public pension funds not be used by the government to shore up the stock market, ministry officials said Wednesday. <<< Don - if they pull the pension money out of the market , LOOK OUT BELOW! Nothing will take it down to true value faster than that. They have been using these funds to prop it up for six months now , and that has created a psychological safety zone for buyers to come in along with the govt. money at 15,000. Once that phony support is withdrawn , the Nikkei will surely crash , no doubt whatsoever.