MBK---------Bank of Tokyo Mitsubishi Ltd Message Board

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Non-Tech : MBK---------Bank of Tokyo Mitsubishi Ltd

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To: BAXTERBOO who wrote (87)	10/22/1998 1:28:00 PM
From: Paul Berliner	Read Replies (2) of 170

Wheher that was or wasn't MBK's bottom is irrelevent. Ponder this: How will MBK, the former biggest bank in the world, be perceived when it applies for public fund infussion to meet BIS capital requirements? IBJ did. Fuji is next. MBK is surely to follow - even if it does'nt want to apply, it will be forced to by the MoF. Again, as I've previously mentiones on this thread, there margins suck. This is not Citicorp in 1990. Also, how will the bank ever grow profits unless Japan hikes rates abound 500 basis points? Its currently impossible with today's rates. Save your money or buy Korean ADRs - like Japan, they may not have a silver lining in there cloud yet but at least Korea has closed down its insolvent banks. Japan is too stubborn to do that.

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