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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (27080)1/6/2002 7:01:12 PM
From: isopatch  Read Replies (2) of 52237
 
A few important economic stories from Asia

<JAPAN'S ISHIKAWA BANK FILES FOR BANKRUPTCY AMID NET WORTH
WOES
TOKYO - Ishikawa Bank filed for bankruptcy with the
Financial Services Agency [FSA] under the Deposit Insurance Law
amid difficulty in eliminating its negative net worth. The FSA
dispatched a receiver to manage Ishikawa Bank's operations and
assets. The Bank of Japan will extend special unsecured loans
to the bank until the receiver-led management ends. All
deposits at Ishikawa Bank will be protected. The bank will
continue operations into the new year and seek out an
institution to take over its operations.>

asiapulse.com

<INDONESIA REPORTS 12.55 PCT INFLATION FOR 2001
JAKARTA - Indonesia's 2001 inflation rate comes in at 12.55
per cent with the 1.62 per cent just reported for December,
according to the Central Bureau of Statistics [BPS],
significantly higher than the 9.35 per cent rate in 2000. BPS
said the high inflation rate in December was an impact of price
increases during year-end holidays, Moslem festivities and
Christmas.>

asiapulse.com
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