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Pastimes : Ask Mohan about the Market

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To: Rational who wrote (8353)	11/17/1997 8:11:00 PM
From: Snowshoe	Read Replies (1) of 18056

>>I do not know how well to link a failure of the Jap banking system to US stock markets, except to presume that Jap Govt will sell US Treas -- I am not absolutely sure that they will, but I do not know how else they will manage.<< I don't know much about Japan, but I'm aware they have deep problems. I read an article within the last two years (WSJ?) that outlined a colossal problem with their railroad pension system that rivals the banking crisis. I haven't heard any more about it, but it might help explain the reluctance to have their pension systems unload U.S bonds to shore up their banking system.

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