61. Investors in Japan, however, said recent indications of economic strength may not prohibit a rate cut within the next few months. 62. It is well recognized that the most important feature of American economic strength is consumer confidence. 63. It also depends on economic strength. 64. Japan has some tremendous underlying economic strengths, ranging from well-trained and committed workers to huge private savings. 65. Long-term interest rates rose Monday to their highest levels in more than two years as fresh evidence of economic strength and rising inflation reverberated through the bond market. 66. Meantime, continued economic strength may help strengthen the prospects of corporations and build investors confidence in the ability of junk-rated companies to service their debts. 67. MARKETS Long-term interest rates rose to their highest levels in more than two years on fresh evidence of economic strength. 68. Masahiro Yamaguchi, manager for foreign exchange at Tokai Bank Ltd., said there are few reasons to sell dollars immediately, given the relative U.S. economic strength. 69. More buying from investors seeking safety may spur more gains, even in the face of economic strength in the U.S., analysts said. 70. More buying from investors seeking safety may spur more gains, even in the face of economic strength, analysts said. |