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To: lorne who wrote (36087)	6/29/1999 8:28:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116753

Japan's Financial Solutions Simply Illusions << Japanese Financial Reconstruction Commission head Hakuo Yanagisawa gave a speech to the Japan National Press Club on June 28, in which he said Japan currently has too many banks. Yanagisawa said he foresaw the formation of super-regional and global banks as a reaction to the current surplus of financial institutions. Yanagisawa also said he would announce plans later this week for the government to reclaim the $63 billion in public money it pumped into Japan's banking system in March. Yanagisawa's comments emphasize again the short-term solutions Japan continues to propose for its long-term economic troubles ... more ... >> stratfor.com Morning Lorne, A billion here, a billion there and pretty soon you are at 63 billion and talking real money. :-)) John