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To: Joe Antol who wrote (20107)2/12/1998 12:13:00 PM
From: Paul Fiondella  Read Replies (1) | Respond to of 42771
 
(Off Topic) Asia --- Japanese Banks pull pug on Hong Kong loans

According to the Financial Times, Bank of Tokyo --- Mitsubishi (my favorite Japanese bank) is selling off its Hong Kong loan portfolio to try to increase its capital. Other Japanese banks are doing the same. This scrambling to liquidate loans to improve liquidity is putting the pressure on in Hong Kong financial markets.

China also reported that its 1997 trade growth rate of 8% will fall by half this year with the largest impact to be in exports. The Chinese said they would resort to export subsidies before considering a devaluation.

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Joe take a look at the lead article in today's WSJ on CPQ.



To: Joe Antol who wrote (20107)2/12/1998 9:09:00 PM
From: Dieter Koerner  Respond to of 42771
 
Hi Joe,

Since you are not in it, but of it, at what level would you go back in?

Regards, Dieter