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To: LLCF who wrote (153369)2/25/2002 11:57:31 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
bank rescue and reform may be on the ropes

japantoday.com

injecting that much money ($ 1 trillion) into the banks would've required very heavy borrowing by the government and resulted in a much lower yen. not going to happen. that's more than 10 times what they did in 99.

biz.yahoo.com



To: LLCF who wrote (153369)2/26/2002 1:31:03 AM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
They are buying JCBs outright, 1 trillion worth. It is their equivalent to our FED doing coupon passes, whereas before they were simply lowering interest rates and doing the equivalent of RPs, temporary injections to tweak the rates.



To: LLCF who wrote (153369)2/26/2002 8:32:00 AM
From: Mike M2  Respond to of 436258
 
Dak, the standard line of Wall Streeters if an economy fails to respond to monetary policy it's only because the central bank is too tight. they never consider malinvestment or the desires of borrowers or lenders. mike