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To: Alex who wrote (13627)	6/22/1998 2:07:00 AM
From: Ahda	Read Replies (1) \| Respond to of 116868

No help with your question Alex thank you for the post this morning. At least they are approaching from the inside not the out. nikkei.co.jp. Bank of Japan Ready With Funds To Stabilize Financial Market TOKYO (Nikkei)-The Bank of Japan is expected to inject funds into the money market this week, signalling the bank's determination to maintain financial stability, bank sources said. The central bank hopes to make a preemptive strike against potential market turmoil arising from higher interest rates and other factors tied to financial restructuring and the liquidation of failed institutions as the government increases efforts to clear bad loans. Japanese Finance Minister Hikaru Matsunaga told an emergency meeting of representatives from the Group of Seven industrialized nations and other Asian countries Saturday that Japan will press ahead with the disposal of bad loans held by banks in an effort to revive the economy. Short-term interest rates skyrocketed last autumn in the wake of the failure of Yamaichi Securities Co. and Hokkaido Takushoku Bank. The BOJ responded by flooding the money market with more than 20 trillion yen in funds through the end of March 1998. The BOJ is also prepared to offer liquidity assistance to Long-Term Credit Bank of Japan (8303) should the need arise. Press reports that LTCB, which is saddled with bad debt, was in negotiations on a merger with Dai-Ichi Kangyo Bank (8311) were denied by both institutions on Sunday. The central bank is believed, however, to be considering the possibility of merging LTCB with another institution. (The Nihon Keizai Shimbun Monday morning edition)

To: Alex who wrote (13627)	6/22/1998 7:33:00 AM
From: long-gone	Respond to of 116868

It seems as if each station is running it on their on schedule. Saw a couple in Denver, then saw the first again in Dallas weeks later. rh

To: Alex who wrote (13627)	6/22/1998 8:22:00 AM
From: Enigma	Respond to of 116868

Alex - thanks for your reference to the article on Japan - this from CNN Financial this a.m. cnnfn.com Gold down today - wonder if some of the shorts will cover as the day goes by - there is such an air of crisis around now - difficult to be objective in these situations. If enough people feel this way the market will tank.

To: Alex who wrote (13627)	6/22/1998 10:28:00 AM
From: John Lacelle	Read Replies (1) \| Respond to of 116868

Alex, I have been watching the "Antiques Roadshow" on Monday at 8pm and the "American Century" as I think it is called at 9pm. This is the Los Angeles station KCET though, and I think these public broadcasting stations are all different. BTW, the "Antiques Roadshow" is facinating. The show in itself is evidence that we are in a "speculation period" because the price of antiques and collectables seems to be just going out of sight just like the prices people were paying for fine art in the late 1980's. -John