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To: PaulM who wrote (11535)	5/12/1998 12:17:00 AM
From: John Mansfield	Respond to of 116836

'JAPAN Saturday, May 9, 1998 Cash and carry as banks buckle By RUSSELL SKELTON, Herald Correspondent in Tokyo SHE was slender, middle aged and impeccably turned out in a Fendi suit and matching shoulder bag. She had with her a dark blue briefcase full of freshly printed 10,000 yen notes. As I watched she fed the entire contents of the case, bundle by crisp bundle, into the ATM machine outside Tokyo's Otemachi business district. After each press of the deposit button, there was a furious whirr and the machine would open and ask for more. This went on for some 20 minutes. She may have paid in $2 million dollars, or even $5 million that afternoon. It is hard to count a briefcase full of money while standing metres away in a queue of impatient Japanese. But one thing is certain, the woman was one of tens of thousands of jittery deposit holders who are frantically switching their personal savings - variously estimated at around $170,000 a household - from the nation's suspect Japanese banks into foreign banks, such as Citibank. In one year individual accounts at Citibank have jumped 50 per cent to 850,000 and it is receiving 450,000 inquiries a month about new accounts. .... smh.com.au:80/daily/content/980509/world/world4.html