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To: S.C. Barnard who wrote (9443)11/24/1997 9:18:00 AM
From: hpeace  Respond to of 97611
 
What could happen
quote from news released today

"Yamaichi's downfall, coming soon after last week's failure
of Hokkaido Takushoku Bank Ltd (TOKYO:8312), has raised fears that a
host of weak Japanese financial institutional will be allowed to
fail, analysts said.
Nervous Japanese investors will likely pile into U.S.
Treasuries, counteracting any repatriation of bank-held foreign
assets to meet debts, analysts said.
"I think Yamaichi and Japan must be seen in the context of
what has been happening in Asia and Korea," Gerald Lyons, chief
economist at DKB in London told Reuters Financial Television
(RFTV)."