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To: NickSE who wrote (57089)	11/5/1998 3:52:00 AM
From: Trey McAtee	Respond to of 58727

orbit-- well, i actually wasnt thinking about the recipes, though they are a nice touch<G>. on biggs---japan is not the place to be in asia. coastal china...thats where its at. good luck to all, trey

To: NickSE who wrote (57089)	11/5/1998 9:52:00 PM
From: Tundra	Respond to of 58727

Orbit, Well, I guess I must disagree with Mr. Biggs. I don't really find the news out of Japan very encouraging. Take a look also at their bond rates. I guess I just don't trust the current spike in the market. I believe it will likely "wear off." Tonite's (morning session in Japan)was interesting. The market immediately went down. I surmise that is b/c the pension money did not show up early in abundance;as they have done so typically recently. Pension funds receive their funds via taxation which are distributed to them early each month. I attribute much of the recent gains to the funds being flush with cash because of the foregoing. The funds will likely still have cash on hand; just not as much. I suspect we will see intermittent spurts of funds money from time to time as well as smaller amounts to help(or try to) stabilize the market. Very difficult to say for sure,though, about their cash balances. The usual caveat especially since I am disagreeing with the oft times deified Mr. Biggs. I could be wrong. Regards, Tundra

To: NickSE who wrote (57089)	11/6/1998 12:08:00 AM
From: Tundra	Respond to of 58727

A none too surprsing article out of Japan tonite. Some Banks Too Optimistic On Bad Loans: FSA TOKYO (Nikkei)-The Financial Supervisory Agency reported Thursday that some of Japan's 19 major banks may have miscategorized their loans in their self-assessments for the year ended March 31. The agency may ask the banks to reassess their bad loans. The FSA conducted inspections on the 19 banks in collaboration with the Bank of Japan between July and this month. It found that some banks had used standards that were less stringent than those set by the agency, or had placed loans in categories that didn't correspond with their own standards. The FSA was also critical of the way different banks treated loans to the same borrowers, with some setting lower loss reserves on the loans than other banks. The agency has begun instructing the banks to reassess their assets for the first half ended Sept. 30 and to set aside adequate loan loss reserves. At Long-Term Credit Bank of Japan (8303), the FSA reported last month that the bank had underestimated by some 1.4 trillion yen the value of loans rated category 2 (whose recovery is in doubt) or worse. The agency will release a report outlining discrepancies in the self-assessments next month. (The Nihon Keizai Shimbun Friday morning edition)