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To: Lee who wrote (64367)9/9/1998 11:58:00 AM
From: TigerPaw  Respond to of 176387
 
OT JapanI have no idea why Japan lowered their rate another 25 basis points, especially in light of all...
It is my understanding that a lower interest rate in Japan reduces the pressure on surrounding countries to raise their interest rates to attract capital. It makes more sense to the region than to Japan alone at this time, but is good for the long term recovery of Asia.
TP