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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (7805)	3/9/1999 8:23:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: Sony the worlds second largest electronic corporation is laying off 10% of its workforce, over 17 thousand workers, as part of a plan to stay falling profits. And this from a company that Japanese use to think would offer employment for a life time... bloomberg.com And, this "great" news is touted as a primary reason the Nikkei rose... Regards, LG

To: HairBall who wrote (7805)	3/9/1999 8:30:00 AM
From: HairBall	Respond to of 99985

To All: Interesting blurb about Japan's interest rates... Hayami, speaking before the Finance Committee of parliament's lower house, said ''it's fully possible that Japan's interest rates will go up'' in the future. He also said the central bank ''won't plant any seeds of inflation.'' ''As government bond yields rose, the interest rate gap between the U.S. and Japan narrowed,'' prompting traders and investors to buy the yen, said Yasuharu Tsuru, a foreign exchange manager at Mitsubishi Trust & Banking Corp.... bloomberg.com Regards, LG