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To: John Hunt who wrote (16222)	8/22/1998 6:52:00 AM
From: John Hunt	Read Replies (3) of 18056

Big Japanese Bank Has Recovery Plan washingtonpost.com << The bank plans to dispose of $5.3 billion worth of bad debt but officials refused to estimate the value of the troubled loans that would remain. After the bad-loan write-off, the bank will not have enough capital to meet international capital adequacy standards, so bank officials said they plan to ask the government for money. Bank officials refused to say how large the bailout request would be, but Japanese news media said it would top $3.5 billion. >> Ho hum ... they still don't get it.

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