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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (809)11/20/2001 10:32:45 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 49042
 
hi Don,

i wonder what the effect of the end of deposit protection will be on Japanese postal savings accounts, which i believe have much more money on deposit than the banks (some $12 trillion last i checked). maybe the post office has some special protections or has a "too-big-to-fail" imprimatur, the way some people think of GSEs in the US.



To: Don Green who wrote (809)11/20/2001 10:43:15 PM
From: Wyätt Gwyön  Respond to of 49042
 
Japanese postal time deposit rates (yen deposits)--up to 0.08% for four-year commitment
yu-cho.yusei.go.jp

by Japanese government decree, the post office's rates are higher than what banks can offer.


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