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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: GTC Trader who wrote (12878)	3/15/2001 1:35:11 AM
From: JustTradeEm	Read Replies (1) \| Respond to of 30051

TOKYO, March 15 (Reuters) - Tokyo stocks erased earlier losses in mid-afternoon trade on Thursday after a comment from Sanwa Bank Ltd suggesting aggressive steps to reduce its problem loans boosted investor sentiment. Sanwa said during the market's midday break that a total amount of loan loss charges by it and two other banks due to create UFJ Holdings Inc were likely to reach one trillion yen ($8.27 billion) for the financial year ending March 31. The amount is above an original forecast of 580 billion yen.