JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: Alec Epting who wrote (487)	11/24/1997 8:56:00 PM
From: Machaon	Read Replies (1) of 3902

Well, the Bank of Japan is asking a consortium of banks, who were financing Yamaichi in the first place, to bail out the Yamaichi Brokerage, but only for the purpose for reimbursing shareholders. This is a good thing, but I thought that Yamaichi said that they have enough funds to cover shareholders. I guess not. It sounds good, as long as they don't put more money into the hands of the management of Yamaichi. It'll be interesting what jobs will be offered to the management of Yamaichi. They'll probably get key jobs in government as a reward for a job well done. I guess we shouldn't expect any more accountability, in Japan, then we got during the pillaging of our Savings and Loans. Combine the bailout with that offer to bail out Korea and it might calm the Japanese shareholders. Whatcha think...... Will Nikkei hold above 16,000?

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