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Strategies & Market Trends : Steve's Channelling Thread
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To: Jim Willie CB who wrote (18757)6/25/2001 11:16:06 PM
From: Les H  Read Replies (2) of 30051
 
The Nihon Keizai Shimbun business daily reported on Friday that Japan's 15 major banks are poised to sell 3.7 trillion yen in their shareholdings for the current business year to next March, some 600 billion yen more than a year earlier.

The market has been bracing for a rise in banks' selling of shares in their portfolios ahead of the application of mark-to-market accounting rules in September, which makes banks' bottom lines more vulnerable to stock market fluctuations.
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