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To: R KIEFHABER who wrote (10479)3/17/1999 1:40:00 PM
From: Charles A. King  Read Replies (1) | Respond to of 13091
 
Bob, I knew I was smelling something.

But maybe there is a possibility of something better coming some day. The US has been saying that Japan is the key to lifting Asia out of its depression. But Japan hasn't been able to help itself and has been sinking.

It seems to me that recently, the Bank of Japan was detected in effect printing extra yen. Seemingly as a result, the Nikkei responded very positively, causing an increase in the value of the yen. This could imply that since everybody wants the yen to go down, there is added reason for the Bank of Japan to further liquify, which the Japanese stock market might like very much.

Japanese stocks close up Wednesday

Copyright © 1999 Nando Media
Copyright © 1999 Associated Press

TOKYO (March 17, 1999 1:56 a.m. EST
nandotimes.com) - The Nikkei Stock Average of 225
issues closed at 16,268.11 points on the Tokyo Stock
Exchange Wednesday, an increase of 195.29 points,
or 1.22 percent from Tuesday.

It seems to me that the Nikkei has come quite a bit recently. This could cause the Japanese public to feel better about the economy and begin spending again. This in turn could help imports, Asian trade, and the economy in general, eventually to even increase oil imports. I believe some other Asian stock markets have come up recently too.

Anybody know anything about this?

Charles