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To: Slick who wrote (3816)	6/18/1998 6:24:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 10852

The Japanese government can cut taxes by heaps and make up the spending by printing themselves a whole lot more yen. Easy peasy. That makes the yen worth less, so they export more and import less. But the stuff they make locally is still purchasable by locals with their devalued yen. etc etc. No worries. No big deflationary spiral and the newsmedia are having a panic filled field day. The wise and calm will make big heaps of money by buying on the panic. What a big joke all this is. Unemployment is 4% or something in Japan. That is not high. Check Europe's. Hayami is having trouble figuring how to ease monetary policy? Well, there is the answer for him. He can send me a cheque for US$1m for the answer. Maurice