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Strategies & Market Trends : Asia Forum
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To: Ron Bower who wrote (6330)9/10/1998 2:11:00 PM
From: Paul Berliner  Read Replies (2) of 9980
 
Bosco, Ron, thanks for the article of Tel Arg. Though I hadn't seen a Co. of that magnitude with a yen loan agreement - I was mainly referring to small cap and mid cap companies. Lending to Tel Arg. isn't that risky, but lending to weak U.S. computer component makers whose stocks are trading at under $3 is another thing - called a big mess, in my opinion.
Ron, I guess the money is coming from the mountain of Japanese savings deposits. And there are many banks, not only in Japan but in Asia whose non-performing loans as a % of net assets are in violation of JPN & BIS written standards. Bellweather Bank-Tokyo is one, but the books on all of these banks havn't been kept according to Intl. accounting standards, plus the % of bad/doubtful loans has been fudged over so many times that they've been revised more times than I can count.
The IFA is auditing the books of 9 big JPN banks as we speak, and should be done any day......
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