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To: IceShark who wrote (45126)3/11/1999 8:28:00 PM
From: GST  Respond to of 164684
 
Ice -- keep an eye out for these guys -- sounds like they might change course after they close the books. Out of here.

Thursday March 11, 7:49 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

MOF says flexible on JGB buying in and after
April

TOKYO, March 12 (Reuters) - Finance Minister Kiichi Miyazawa said on Friday his
ministry will take a careful and flexible stance over whether its Trust Fund Bureau will
continue to purchase Japanese government bonds (JGBs) in and after April.

Asked about whether the ministry will continue to purchase JGBs in April and afterwards, Miyazawa told reporters:
''(The ministry) will deal with the matter carefully and flexibly while watching market movements.''

But Miyazawa said he was not in a hurry to make a quick decision on the issue because market conditions had been
stable recently.

''The tide may be turning (for the Japanese economy),'' Miyazawa said in response to questions about sharp gains in
the Tokyo stock market and brisk sales of condominiums.

A decision on public fund injections into 15 major banks and recent falling interest rates, as well as smooth progress in
discussions on the initial budget for 1999/2000 in parliament were reasons for his brighter view on the economy, he
added.