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To: Bobby Yellin who wrote (14388)	7/11/1998 7:07:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116756

was reading at Dohmen's site..he suggested that gold could hit 250 ..rats

To: Bobby Yellin who wrote (14388)	7/12/1998 9:47:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116756

Jun Fuji, 30, from Tokyo, said: "The LDP are all liars, promising last-minute tax cuts. I just couldn't vote for them." Daisuku Ono, 33, an estate agent, disagreed: "This isn't the fault of the government; it's the fault of the financial sector. But I want things to change, so I voted against the LDP." Hashimoto urged to quit after huge defeat in election By Juliet Hindell in Tokyo VOTERS dealt Japan's ruling Liberal Democratic Party a humiliating blow yesterday which seemed certain to bring the resignation today of the Prime Minister, Ryutaro Hashimoto. The government's ambitious plan to rescue the economy was rejected by voters who turned out in droves to register their disapproval of the LDP's economic policies in elections to the upper house of parliament. The party won only 44 of the 126 seats at stake, a loss of 17. As soon as the extent of the losses became clear, calls mounted for the prime minister to resign. Mr Hashimoto said: "I must take responsibility for the results. Everyone has handed down their judgment and we must accept that with sincerity." The party's executive body will meet today to discuss his future. The opposition was ecstatic. Naoto Kan, the leader of the Democratic Party, which won 27 seats, said: "The voters have shown the LDP the red card." The Communist Party took third place with 15 seats. Mr Hashimoto's popularity has plummeted in the past few months as the Japanese associated him more than any other politician with the crushing reversal of the country's fortunes. He has held the job since January 1996, surviving much longer than other premiers. But his response to mounting pressure at home and abroad to get the economy in order has been seen as inadequate. Shigenori Okazaki, a political analyst at SBC Warburg, said: "He achieved nothing although he talked big." The 58 per cent turnout was 14 per cent higher than in the upper house poll in 1996. Jun Fuji, 30, from Tokyo, said: "The LDP are all liars, promising last-minute tax cuts. I just couldn't vote for them." Daisuku Ono, 33, an estate agent, disagreed: "This isn't the fault of the government; it's the fault of the financial sector. But I want things to change, so I voted against the LDP." The party's poor performance was expected to unsettle the financial markets which had hoped for a clear result to determine the future of economic policy. The uncertainty over the leadership was expected to weaken the yen and severely depress the stock market. telegraph.co.uk