SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Ask Mohan about the Market

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Hunt who wrote (16535)9/27/1998 8:28:00 PM
From: John Hunt  Read Replies (1) of 18056
 
Banks to get bond loans

scmp.com

<< The Japanese Government is planning to lend government-held US Treasury bonds to domestic banks as one of its emergency measures to ease difficulties in raising US dollars overseas.

Banks, which will borrow the bonds without collateral at low interest rates, would be able to receive dollar loans from foreign institutions by using the Treasury bonds as collateral, sources said.

Japan's financial instability has led more foreign banks to charge the "Japan premium" - the extra interest Japanese banks have to pay on funds raised overseas - or made them reluctant to extend dollar loans to Japanese banks.

The plan is aimed at reducing the premium and boosting the Japanese stock markets. >>



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext