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punkle

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punkle

Re: Zeev Hed post# 140459

Thursday, 08/14/2003 2:14:19 AM

Thursday, August 14, 2003 2:14:19 AM

Post# of 704019
Japan up 150 so far tonight. Looks like bankruptcies are way down and buying of cyclicals is happening. Bankruptcies down 23.7% in July of this year vs. last year. And then this comment in the news release:

"We still think it is difficult to say that Japan has entered a sustainable recovery...and we still do not see strong impetus coming from areas such as capital spending and private consumption," Teikoku said in a statement.

"The current drop in bankruptcies is not due to an elimination of a potential crisis, but rather to a postponement of that crisis."

Anybody who knows Japan better than I do have an idea if they are postponing or eliminating the crisis?
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