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

To: MikeM54321 who wrote (4411)	6/11/1998 5:57:00 PM
From: Mark Myword	Read Replies (1) \| Respond to of 9980

>> "They have been using these funds to prop it up for six months now" William, I certainly don't doubt your wrong, but can you or anyone else point me to an article or reference concerning this. << Mike - I've been following the daily commentary from Bridge News service re: the Japanese equity and debt markets. I believe them to be a very authoritative source , similar to Bloomberg. From December on , the daily info re: the stock market has made numerous mention of the pension money coming into the market. As a matter of fact , it seems to happen every time the Nikkei brushes 15,000. Often they give direct quotes from officers and directors of the big three or four trading houses over there , regarding pension fund buying. There were even official announcements from MOF that "price-keeping operations" would be continued , if necessary. I have printouts of this stuff , if you're interested. Several major magazines , such as the Economist , Barron's etc have reported it as well. Whether any of this is archived on the net or not , I don't know , but it can certainly be verified. Send me a private message with your address , and I'll shoot you a few copies in the mail over the weekend. To keep up with it on a daily basis , I'd refer you to the Bridge website , and from there I believe you can easily find their daily reports- if not , try this URL: http:www.marketcenter.com/stories/story1105.html I believe that will get you in , if not let me know.