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Technology Stocks : Micron Only Forum

MU 286.31

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To: Skeeter Bug who wrote (39184)	9/27/1998 6:59:00 PM
From: wily	Read Replies (3) of 53903

Skeeter, I'm not sure which news you are referring to--the Hyundai post about the new USA plant? Also, this from this afternoon. Funny, I don't see it on the Yahoo site. Would seem to be major, but maybe not: wily foxmarketwire.com Sources report Japan's biggest bankruptcy 12.17 p.m. ET (1617 GMT) September 27, 1998 TOKYO, Sept 27 — Japan Leasing Corporation filed for bankruptcy on Sunday in the country's biggest financial failure -- involving 2.2 trillion yen ($16.1 billion) in debt -- since World War Two, authoritative sources said. Japan Leasing Corporation was one of three non-bank affiliates of troubled Long-Term Credit Bank of Japan Ltd (8303.T) (LTCB), whose future had held up agreement between Prime Minister Keizo Obiuchi's government and opposition parties about legislation to get Japan out of its economic recession. Opposition parties had opposed a government plan to use public funds to keep LTCB afloat. The authoritative sources said the company filed for bankruptcy with a Tokyo court late on Sunday. Japanese media reports said major lenders to Japan Leasing Corporation were Sumitomo Trust (8403.T), Mitsubishi Trust (8402.T) and LTCB.

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