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Strategies & Market Trends : Currents of Currency

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To: Ahda who wrote (36)	5/18/2003 1:42:56 PM
From: Ahda	of 594

Would be one impossible mess if their was a gold standard. What it boils down to is you can't adjust currencies to act as the increased incentive to product purchase on the world market. The BOJ attempted to lower the Yen which meant they would reduce product price on the world market. That spurned the desire to hold US dollars so by decreasing Yen value the international companies in Japan found they faced increased world operational costs. Government bail-out for Japanese bank May 19 2003 By Shane Green Tokyo The Japanese Government will spend up to ¥2 trillion ($A26 billion) to rescue one of the country's biggest banks and prevent the financial system of the world's second-largest economy plunging into crisis. The Koizumi administration's decision effectively means that Resona Holdings - Japan's fifth biggest banking group - will be nationalised, although the Government intends to limit its role in managing the bank. The decision to commit the public money was triggered when the group's capital-to-assets ratio fell below the required 4 per cent to about 3 per cent. The situation was worse in the group's main banking arm, Resona Bank, where the ratio had fallen to about 2 per cent. The dire situation of the bank was caused by big losses on shareholdings and bad loans - two problems facing most of Japan's troubled banks. ");document.write("

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