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To: Alex who wrote (8246)	3/12/1998 1:45:00 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116779

Japan credit crunch rattles small business: biz.yahoo.com >>Surveys show firms of all sizes and across all industries are finding borrowing from banks more difficult. In some cases, banks are so desperate they are asking large companies to return loans for just the last day of March, when they close their books, one government survey said.<< Japan real estate firm said declared bankrupt: biz.yahoo.com >>The accumulated debts of the company... totalled 114.4 billion yen, Teikoku Databank said. It said the collapse is the second largest bankruptcy in Japan so far this year, after the collapse of Yamaichi Finance, a non-bank affiliate of failed Yamaichi Securities, which had liabilities of 171.3 billion yen.<< Japan firms see economy more severe--MOF survey: biz.yahoo.com >>For the current fiscal year ending March 31, the firms saw sales falling 2.3 percent and current profits falling 11.8 percent.<<

To: Alex who wrote (8246)	3/12/1998 2:05:00 AM
From: Abner Hosmer	Respond to of 116779

Japan 1998 nickel demand seen slipping at least 5%: biz.yahoo.com >>...Japanese stainless steel makers, who account for nearly 80 percent of the country's nickel consumption, are set to slash their output by 10 percent this year after churning out a record 3.62 million tonnes in 1997, they said... ..''Exports to Southeast Asia will fall quite dramatically. Things don't look good here, either. Car production isfalling and new housing starts are dropping,'' he added. Traders said Japanese stainless steel producers, who carried out heavy capital investments in the late 1980s, had to run at full capacity and export one-third of their output to make ends meet.<<