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To: Rational who wrote (8353)	11/17/1997 8:05:00 PM
From: John Hunt	Respond to of 18056

Sankar, I don't see what the big deal is ... Any country that can charge $10 for a cup of coffee shouldn't have any trouble implementing some super bank charges ($10/Cheque sounds fair) to bail them out. There is a picture in tomorrow's South China Morning Post of the heads of the Japanese bank that went under bowing in disgrace ... whatever happened to hari kari? :-)) John

To: Rational who wrote (8353)	11/17/1997 8:11:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 18056

>>I do not know how well to link a failure of the Jap banking system to US stock markets, except to presume that Jap Govt will sell US Treas -- I am not absolutely sure that they will, but I do not know how else they will manage.<< I don't know much about Japan, but I'm aware they have deep problems. I read an article within the last two years (WSJ?) that outlined a colossal problem with their railroad pension system that rivals the banking crisis. I haven't heard any more about it, but it might help explain the reluctance to have their pension systems unload U.S bonds to shore up their banking system.

To: Rational who wrote (8353)	11/17/1997 10:45:00 PM
From: Ocote	Read Replies (2) \| Respond to of 18056

Sankar: Feel like I'm getting a free course from reading your posts. I wonder if the following article fits into your theory. Govt To Deregulate Pension Fund Management, Home Care Services TOKYO (Nikkei)--The Health and Welfare Ministry plans to end regulations on management of employee pension funds and home care services for the elderly by March, ministry sources said. Under the plan, operators of such pension funds could invest more than 30% of the funds in securities or foreign-currency denominated assets and more than 20% in real estate. The plan will be incorporated into an economic package to be released Tuesday, the sources said. The ministry initially said it would lift the regulations by March 1999, but decided to move the plan up by a year in response to requests from the business community. The ministry proposal will also allow the private sector to offer home and day-care services for the elderly, currently limited to local governments and welfare organizations. The plan is designed to cut back on ballooning welfare expenses and relatively high costs of such services by organizations heavily dependent on government subsidies, the sources said. satellite.nikkei.co.jp Ocote