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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: R. Ramesh who wrote (18601)	6/17/1998 1:02:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 79298

Japanese Reforms??? Ramesh: I wish it were so, but the current Prime Minister Hashimoto doesn't have the political will or support to carry out these reforms... Without banking reform and the writeoff of real estate loans that are carried on the books at amounts greater than the underlying property values, Japan will just be blowing smoke until they inevitably will have to devalue the Yen to try and export their way out of the mess they're in... Such a devaluation will force the Chinese and other Asian nations to devalue to compete in the export market... This would be bad news for world markets... Jim