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To: Alan Hume who wrote (5569)11/23/1997 3:44:00 AM
From: Rational  Read Replies (2) | Respond to of 9124
 
Alan:

This indeed is the fear: If their financial institutions become forced to sell off their overseas holdings, then we are all in trouble, big time. We have to wait and see.

Sankar



To: Alan Hume who wrote (5569)11/23/1997 12:47:00 PM
From: Dale J.  Respond to of 9124
 
<<... is just how sick is the Japanese financial system? ...>>
Alan

FWIW: I heard a financial analyst say, the U.S. S&L crisis was huge,
but the current Japanese banking problems are probably ten times more severe.

The Japanese government had said last week that they would finally deal with the problem, but I don't know if they have any credibility left. The Neike did however, rally last week on the news, but we will have to see what happens in the long run.

Dale


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