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To: Mohan Marette who wrote (86376)12/21/1998 10:27:00 AM
From: Lee  Read Replies (2) | Respond to of 176387
 
Morning Mohan,..Re:. Japan Sets Giant Budget to Boost Economy

Looks like they're getting serious about getting out of their recession? Good news indeed, 700 b! What's even more eye-popping is the following:
the general government deficit, excluding the social security
account, would be 9.2 percent of gross domestic product in the next fiscal year.


You know that the Euro countries all had to have debt to GDP less than 3% to be included?

Wonder how this will affect the yen and therefore the dollar? At first thought it should be supportive of the dollar.

Thanks for the good news.

Lee