Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16678)	10/4/1998 12:10:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 18056

Anyone care to comment. What is the significance of this? Does it mean that Japan doesn't except resposibility to stimulate their economy, therefore it's likely we'll all be in recession? It seems that each Europeon country is saying it is up to the others to stimulate the economy, NOT MY PROBLEM. Am I missing something? Yen Seen Drooping as Japan Tells G-7 to Expect No New Stimulus news.com >>Finance Minister Kiichi Miyazawa said following yesterday's meeting in Washington of finance ministers and central bankers of the Group of Seven leading industrial nations that the Japanese government has no intention of coming up with further measures to stimulate growth, even as recent reports show the economy continues to sink deeper into recession.<< >>The Americans know they need to stop the crisis in Latin America. If they let it go, we could have a global disaster,'' said Ramirez of Bankers Trust. Still, he said, ''I'm not going to be calling for dollar sales'' because he expects a package will be announced Wednesday or Thursday.<< >> With concern brewing about a global economic slowdown, European central banks came under pressure at the G-7 meeting to join in the global round of interest rate cuts to help steer the world economy away from recession. The U.S. and Japan have already cut rates.<< >>''We have record-low interest rates and no one expects us to cut,'' Tietmeyer said. He did say, though, that ''those countries with higher rates than ours like Southern Europe and Ireland will have to cut their rates closer to Germany and France,''<<