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To: Teddy who wrote (14673)3/12/1998 8:10:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
**OT**
That's news? I can tell you from what we see in the Hawaii real estate market that Japan banks are technically bankrupt IMO. Japanese investors here have in some cases(NOT isolated) not made payments to banks back home in over 10 years. We're talking about properties purchased for upwards of 100 mil. a crack and up. Now that's some bad debt. The Japanes real estate holdings here are in the billions.
PK