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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (1546)	1/25/1998 10:49:00 PM
From: Derrick P.	Read Replies (1) \| Respond to of 9980

Tom, Thanks for the link. BTW do you guys have these: quote.yahoo.com Great for current international market quotes and cbs.marketwatch.com for more detail. The Yahoo link is much faster and is updated more frequently and consistently. For completeness: personal12.fidelity.com:80/82DEV/the_hub/html/indexes.html Incedently Japan and Indonesia are kicking butt tonight. Go Nikkei's!! Derrick

To: Thomas Haegin who wrote (1546)	1/28/1998 10:47:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Repost: Dai-Ichi Kangyo of Japan downgraded (FWIW) ------------------------------------ In case anybody missed this: Japan premium rises further on DKB downgrading Reuters Story - January 27, 1998 22:21 %JP %DBT %MMT %BNK %FIN %INT %LOA 8311.T V%REUTER P%RTR TOKYO, Jan 28 (Reuters) - The Japan premium -- the extra cost Japanese banks must pay when raising funds in euro interbank markets -- rose on Wednesday after the credit rating of a major city bank was downgraded on Tuesday, bankers said. The Japan premium on the three-month euroyen deposit rate was at 56-67 basis points (BPS) over the rate of around 0.39 percent that major European and U.S. banks were paying. The premium averaged around 44 basis points on Tuesday. Standard and Poor's Corp said on Tuesday it had cut the long-term credit rating of Japanese city bank Dai-ichi Kangyo Bank to BBB plus from A. S&P downgraded DKB's short-term debt rating to A-2 from A-1. Japanese banks have been struggling to take in funds since the announcement of DKB's credit downgrade, resulting in a fresh widening of the Japan premium. The premium increase was accentuated by a rise in yen interest rates throughout the Japanese debt market that came on the back of renewed fears of an early adoption by the government of additional measures to stimulate the economy. Bankers said an apparent attempt to raise large amounts of three-month yen funds by another major Japanese bank that used to be a major fund provider fanned speculation had on Tuesday that banks here were generally struggling to obtain cash.