2003.08.18

Nikkei 10,000 (Times of London)   More on the Nikkei 10,000... 2003.08.18

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Quake Alert (update) Japan NIED data: Magnitude: 4.4 Northern part of Chiba Prefecture  35.813N/140.116E Depth: 65.5 km 18:59:40 JST   2003.08.18

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Quake Alert A sharp but short earthquake was detected in the Kanto region at 1859 JST. Preliminary report: 4.7 Richter at a depth of 70 km, centered in the Izu Peninsula. 2003.08.18

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Nikkei 10,000 (Bloomberg)   It has been a year since we have seen the Nikkei "soar" to 10,000. If you had asked traders during the bubble if they thought they would ever cheer a rise to ten grand, they would have looked at you like you were nuts. I am among those pundits who does not hesitate to predict that the Nikkei will never hit 40,000 again (barring some sort of devaluation of the yen). Some  predict that the Nikkei may have a tough time seeing 20,000 within this decade. Just in case you are wondering, I do not own any Japanese stocks directly, although I know I have some through a modest investment in an international mutual fund. 2003.08.18

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Gunboat Diplomacy (NY Times)   USA to speak softly to DPRK but carry a big stick. 2003.08.18

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Eyes in the Sky (Kyodo)   Does anyone else get the feeling that Japanese bureaucrats are trying to transfer pork barrell spending from the ground (now that every road has been paved and every creek dammed) to space? See the GPS story somewhere below. 2003.08.18

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Rooibos: Big in Japan   We drink liters of this rooibos (red tea) every week in our household. It is not cheap. It is a big boom in Japan now, but I suspect this one might last as the stuff does seem to be good for ya and it has a nice taste. 2003.08.18

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