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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Gary H who wrote (18305)5/19/2003 11:12:07 AM
From: Ahda  Read Replies (1) | Respond to of 81943
 
This i picked up put on my thread the Yen is anything but solid. The BOJ i am sure has too many US dollars and both the US and the Yen are going the same direction. China will feel this as she is tied to the dollar. The DOW i feel is ar great risk now. What i feel has nothing to do with the power of what will be done to stop a free fall. Japan could topple double jeopardy type thing and we here are at risk The necessary ingredients for gold to rise sure seem to be in place.
We shall see.
Government bail-out for Japanese bank
May 19 2003
By Shane Green
Tokyo

The Japanese Government will spend up to ¥2 trillion ($A26 billion) to rescue one of the country's biggest banks and prevent the financial system of the world's second-largest economy plunging into crisis.

The Koizumi administration's decision effectively means that Resona Holdings - Japan's fifth biggest banking group - will be nationalised, although the Government intends to limit its role in managing the bank.