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To: philv who wrote (13232)	6/16/1998 11:03:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 116763

ahhaha: Dump truck load of money downtown Tokyo: That would work, as my previous suggestion of dropping cash from an airplane. Really shows the problem though, how to distribute the printed pieces of paper to the masses. That, in fact, would not work. The problem in Japan has not been getting money into people's hands but out of them. The combination of Japanese cultural traits, the aging demographics and the collapse of asset prices in all investment classes have made the Japanese public much more likely to safe any money put in their hands than to spend it. So if you did dump that truck load of money it would just wind up in a low interest savings account. And the the account would most likely be at Citibank and not a Japanese bank. The real problem in Japan is getting the consumer to spend and get the economy going again. There have been tax incentives and other measures to get more money in the hands of consumers over the last few years and it hasn't done anything to stimulate demand. They can do it by lowering interest rates (In Japan's case not an option}, lowering taxes or subsidizing prices. The low interest rates are part of the problem. Japanese are naturally big savers. The low level of interest rates have cut dramatically into their perceived income and have had a reverse wealth effect by discouraging spending even more and encouraging more saving to make up the shortfall of income on their current assets. In the Japanese case lower interest rates are helping perpetuate the deflationary cycle.

To: philv who wrote (13232)	6/16/1998 7:34:00 PM
From: geoff s.	Read Replies (1) \| Respond to of 116763

Thought you might like this IF true could add real pleasure HopeFull (HELLO..........heads up!) ID#360150: Veneroso camp got confirm from Mitsui, large buyer in East Asia, will probably cause a $50 pop in gold price on short squeeze. I am willing to bet a suqeeze like that is gonna be bigger. Massive huge record shorts and leased out bullion right now. Any of you got estimates of the kind of upside potential a real short squeeze might do in POG terms right now.

To: philv who wrote (13232)	6/16/1998 10:24:00 PM
From: ahhaha	Read Replies (5) \| Respond to of 116763

I took this from todays Reuters: Policy board mulled easing monetary policy--BOJ TOKYO, June 16 (Reuters) - The Bank of Japan considered ways to ease monetary policy at a recent policy board meeting that decided by a majority to maintain the current policy, Bank of Japan Governor Masaru Hayami told a news conference on Tuesday. The decision by the BOJ's policy board, which met last Friday, was the first in which the vote was not unanimous since they began disclosing results of the meetings in January. The board considered steps such as lowering the reserve requirements of private banks, as well as adjusting guidelines for overnight call rates, including giving markets a target range where the BOJ wanted the call rates to be, he said. Someone recently said that the fractional banking system wouldn't allow the money pumping. Then change the fraction. The most bullish thing you can do is lower reserve requirements. Remember Econ 101? The three things Central Banks have in their bag of monetary tricks? If the BOJ doesn't like the aerialist yen trick, they could sure use the reserve requirement ploy. That would enable shaky banks to repair their balance sheets too. Notice that it was the first vote that wasn't unanimous. They are caving in on neo-mercantilism. The charade is over. When the monetary policy change comes, Japan will end up creating an inflationary configuration because they have spent so much time hanging on to the past. Japan will be inflating, the yen will be up, and the US inflation will no longer be masked. The American Unions will be wild cat striking for protection and oil will be racing up. Gold is looking better and better. Glad I'm among the uninformed minority. It's great to truly be contrary.