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To: Lee who wrote (53074)9/17/1998 11:48:00 PM
From: NickSE  Read Replies (3) | Respond to of 58727
 
Lee,

What's your take on a deal offering a US rate cut say for Japan's action on their bank problem? Sounds like Japan might have a solution sooner than we think and we might still have a pulse left on that bull after all. <vbg>

"...After marathon meetings that went into the early morning hours, the two sides agreed to hold more talks later Friday. Both sides had said Thursday they were near an agreement.

Washington has prodded Tokyo to act more quickly to fix the bad loan problem, and Japanese Prime Minister Keizo Obuchi is eager to get an agreement on the bills before his summit with President Clinton next Tuesday...
tampabayonline.net


Hi Alan, grasping at straws are we? <VBG> I think the gist is that he's agreeing that risks are more balanced now.

bog.frb.fed.us.
biz.yahoo.com


Regards,
--o--