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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (6341)	9/10/1998 9:39:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Thread, A couple of interesting stories. MikeM(From Florida) _________________________________ Inflows to Equity Funds total $1.4 Billion for the week ended 9/9/98 * Large Cap Growth Funds receive inflows of $1.6 Billion * International Equity Funds report outflows from all sectors, totalling $452 Million * Taxable Bond Funds report inflows of $252 Million * Money Market inflows total $6.3 Billion." _________________________________ Japan economy continues to worsen--BOJ TOKYO, Sept 11 (Reuters) - Japan's economy continues to worsen, with weak final demand and worsening employment conditions, the Bank of Japan said in a monthly report issued on Friday. In the report for September the central bank said: ''Japan's economic conditions continue to deteriorate.'' Net exports are increasing mainly due to a decline in imports, the bank said. Capital investment has been decreasing significantly and housing investment has declined further. Private consumption has not yet shown a recovery, despite the special income tax reduction, and against this background of weak final demand, output has been reduced significantly. The report also said: * Levels of inventories remain high, although some industries have shown an improvement. * Corporate profits continue to decline * Lower output and the drop in personal income continues to accelerate * The unemployment rate remains high * The economy is unlikely to shift immediately to a self-sustaining recovery led by private demand, although already announced economic steps are expected to prevent the economy from worsening further * BOJ also said attention should be paid to the possible negative impact on the real economy from financial market developments, including the recent fall in stock prices. * Smaller companies are still having difficulties raising funds and needs careful monitoring. * The Japan premium is on an expansionary trend due to strong demand for foreign currencies by Japanese banks. * Falls in long-term interest rates reflect market's preference for investment in safer financial products and worsening of economic sentiment against the background of global stock falls and uncertainty over Japan's financial system. * Interest rate differentials between public bonds and private-sector bonds expanded against the backdrop of market caution over credit risk.