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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 155.15+2.1%Nov 26 3:59 PM EST

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To: Jess Beltz who wrote (5884)6/19/1998 4:31:00 AM
From: FJB  Read Replies (2) of 10921
 
Off Topic, Jess, Found something that quantifies the amount of Japanese loans denominated in $s. No reference to the primary source, but it's from the WSJ:

---------------------------------------------

Japan's big lending institutions and their tattered balance sheets are
vulnerable to a weaker yen because the banks tend to measure their
capital in yen. A huge amount of their loans outstanding is in dollars --
sometimes as much as a third of all a bank's lending -- and when the dollar
strengthens, the yen value of those loans increases. Thus, banks'
yen-based capital, as a proportion of their dollar loans, is edging down
toward levels that the world banking community considers dangerous.

Bank of Tokyo-Mitsubishi Ltd., for example,
says the recent decline in the yen has eroded
its capital to 8.2% of outstanding loans and
other assets, down from 8.5% as of the end
of the Japanese fiscal year, on March 31. The
bank is only a fraction above the 8% standard
that international monitoring agencies have
agreed is prudent.
interactive.wsj.com
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