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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (585)	9/5/1998 11:30:00 AM
From: N	Read Replies (1) of 3536

Question: Is this the good news? Is this news? ''I emphasized the importance of implementing strong actions to strengthen the banking system and restore confidence,'' [right, the major line] Rubin told a news briefing after a 90-minute closed-door meeting with his Japanese counterpart Kiichi Miyazawa. ''This requires, in our view, using sufficient public funds aggressively and appropriately to strengthen weak but viable banks, [this is all japan has been willing to commit to] accompanied by an accelerated disclosure of troubled assets, improved financial disclosure, and a strengthening of ...the regulatory structure,'[boilerplate] he added. ---- If italics too pessimistic here, please correct.... Oh Krugman, Krugman...have you got any snake oil today? Nancy

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