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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (10187)	11/22/1997 2:02:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Nervous London Yamaichi staff see major fallout By Peter Bale LONDON, Nov 22 (Reuters) - London-based staff of Yamaichi Securities Ltd (8602.T) said on Saturday they saw risks of a domino-effect across Japan, Asia and beyond if their brokerage is allowed to collapse. ''This could have a knock-on effect around the world,'' one senior Yamaichi executive said of the crisis facing the parent company in Japan. Yamaichi in Tokyo earlier said it was considering all options, including shutting its doors, as it faced a short term credit crunch, shrinking business and image problems after high-profile business scandals. A key supporter of Yamaichi, Fuji Bank Ltd (8317.T), said it was not in a position to take responsibility for solving Yamaichi's woes. Japanese authorities vowed to deal with the crisis in an orderly way. biz.yahoo.com Brasil is also not in great shape either biz.yahoo.com The Yamaichi issue is a real test of the BOJ in handling a to big to fail situation. IMHO there is more to come out of Asia, it's only the begining. I hope they will just take the bitter pill and open their markets. we may have a slowdown, but teh world economy will be in better shape afterwards. Haim