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Pastimes : Ask Mohan about the Market

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To: robnhood who wrote (10481)12/8/1997 6:54:00 AM
From: John Hunt  Read Replies (2) of 18056
 
Are Banks Banking On Fed Bailout From Asian Mess?

nypostonline.com

Japan banks' problem loans 79 trillion yen-report

biz.yahoo.com

Looks like the problem loans in Japan are 3 times larger than reported earlier:

<< Problem loans held by Japanese banks totalled a massive 79 trillion yen ($612 billion) as of the end of March, based on a stricter bank supervision system that takes effect next year, a leading Japanese financial newspaper reported >>

Take on enough water and even the biggest ship will sink.

Have a great trading day.

:-))

John
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