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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (33158)	10/1/1998 6:34:00 AM
From: Kathleen capps	Read Replies (1) \| Respond to of 132070

Michael and Thread: The end for Japan? They now want to ban short selling (guess that will guarantee the market will not go down because of those nasty short sellers . Japan MOF says wants share short-sales curbs soon TOKYO, Oct 1 (Reuters) - Vice Finance Minister Koji Tanami said on Thursday that the Ministry of Finance will do all it can to help implement curbs on the short-selling of shares as quickly as possible. Tanami told a regular news conference that restrictions on stock short-selling are part of revisions to the Securities Law set to take effect on December 1. Chief Cabinet Secretary Hiromu Nonaka had said earlier on Thursday the government is considering bringing forward the short-selling restrictions. Tanami said: "I think the chief cabinet secretary was saying that if you look at recent conditions, we shouldn't wait for December 1 but should expedite that part. ''We want them implemented as quickly as possible ... and will do whatever we can,'' he said. Asked about the Bank of Japan's ''tankan'' survey of business sentiment, which was released on Wednesday morning and showed across-the-board deterioration since June, Tanami said it showed corporate managers' sentiment has become very depressed.