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To: Luc Glinas who wrote (31752)8/27/1998 11:58:00 PM
From: Night Writer  Respond to of 97611
 
Luc,
IMHO In a way Japan bothers me more then Russia. I have to wonder if the Japanese banks are still strongly invested in the stock market. If the Japanese market reaches a point that the banks have to start calling real estate loans, and other bad loans they could have a real banking crises. If they devalue the Yen to get through the crises, that could impact the whole Pacific basin. Maybe China also. We could have a mess at that point. Our goods would not have a chance in the Asian markets, and our domestic economy would not be able to meet the Asian competition. The automobile, steel, and many other businesses would be badly impacted.

However, I think Japan is a very smart country. I don't think they will let this happen. The impact on them would be much worst then on us. If I was a Japanese banker, I would have been slowly moving my investments out of stocks over the past year.
NW