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


To: Steve Tauscher who wrote (4428)6/12/1998 12:48:00 AM
From: Mark Myword  Read Replies (1) | Respond to of 9980
 
>>>But I do vaguely remember a policy change earlier this year involving "book values of equities"<<<
Steve - you are correct , the banking authorities in Japan basically are allowing a "higher of cost or market" valuation of stock holdings for the banks. This was announced earlier this year sometime , I don't remember exactly when. It was an obvious ploy to keep some of their banks "solvent" , at least on paper!