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Re: Japan


>>> seamus2001@xxxxxxxx 08/30/01 10:26PM >>>
[NYT]
AUG 31, 2001
Accelerating Decline in Japan Evokes Rust Belt Comparisons
By JAMES BROOKE

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-clip-

"The layoffs are a sign that the economy is indeed changing for the
better," Robert A. Feldman, chief economist for Morgan Stanley Japan,
said today. "There is greater awareness of shareholder value, better
allocation of resources."

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CB: Layoffs are a sign that the economy is changing for the better, but not to the people who get laid off.
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