>From Dec. 26, 2000 issue of IBD:
"Japan slashes huge public works in reaction
to surge in public ire
Under fire for wasting a fortune when the country's economy is
struggling, Japan's government moved this month to slash hundreds
of useless public-works projects and reinvest the money in
technology development and other priority sectors. But critics
say the cuts mostly involve high-profile projects already
singled out as wasteful and don't even begin to rectify
the problem."
Despite the USD index (USD vs a basket of currencies) closing
down on Friday, the Yen closed down vs the USD.
Bob
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