Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (8107)	11/16/1997 2:15:00 PM
From: Rational	Respond to of 18056

Joan: Some where I read that on Wed, Japanese banks will announce their earnings (losses) and officially open their current balance sheets. They can have acceptable capital levels in their balance sheets only if there is capital infusion by the Japanese Govt. Sankar

To: Joan Osland Graffius who wrote (8107)	11/16/1997 2:40:00 PM
From: Zeev Hed	Respond to of 18056

Joan, that is when the first few Banks in Japan report their quarterly earnings. Banks in Japan count as assets the value of stock in their portofolio, and they have to mark the book to market on that day. If they do not have (due to price falling in Tokyo) 8% net they arenot allowed by the Bank of International settlements" to act in international transfers of funds (and few other international banking activities). In essence, they are declared "credit risks". Zeev