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To: GROUND ZERO™ who wrote (147)	11/25/1997 6:57:00 PM
From: TFF	Read Replies (2) \| Respond to of 233

Japan hit by new financial failure TOKYO, Nov 26 (Reuters) - Japan's financial system was hit by a new mini-failure on Wednesday when Tokuyo City Bank, a small regional bank, announced it was going out of business. Though the scale of Tokuyo City Bank's collapse was small compared with the failure in the past month of three significant financial institutions, including giant Yamaichi Securities, the news added to gloom about Japan's economy. Tokuyo City Bank said in a statement that in the first step of its shutdown it would transfer its assets to Sendai Bank and several other financial institutions. Tokuyo City Bank and Sendai Bank are both based in northern Japan. The statement said the recent rapid fall in its stock price has triggered active withdrawals of deposits at the bank, making it difficult to raise funds for its operations. Tokuyo City Bank booked a pre-tax loss of over 400 million yen ($3.14 million) for the first fiscal half ended September 30. Tokuyo City Bank closed at 48 yen, down 12 yen in Tokyo trading on Tuesday.

To: GROUND ZERO™ who wrote (147)	11/26/1997 9:18:00 AM
From: IKM	Read Replies (1) \| Respond to of 233

Hey, I deserved it. I know that to think you can call the market's direction over the next few hours is a fool's game, I was just giving vent to that unsettled feeling I'm sure every investor has about now. On other, short-oriented threads, I've seen allegations of Fed/government intervention in the futures markets to keep confidence up. Don't know as I believe that, although a bit of coercion and jawboning to the same effect wouldn't surprise me. All I know is that I don't want to let my greed make me ignore the risks in this market. Upside vs. downside, that's the calculation everyone's got to be making now.