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

To: Paul Berliner who wrote (6332)9/10/1998 2:35:00 PM
From: Ron Bower  Respond to of 9980
 
Paul,

Related article I just read as I've tried to learn more.

scmp.com

If I just read the article and others like it, it seems impossible and unbelievable that the Japanese banks would be issuing additional risk loans - or any loans for that matter.

They loaning out the government's money before they get it?

Thanks,
Ron



To: Paul Berliner who wrote (6332)9/10/1998 2:40:00 PM
From: Peter Singleton  Read Replies (2) | Respond to of 9980
 
Paul,

you said:

<<The IFA is auditing the books of 9 big JPN banks as we speak, and should
be done any day......>>

could you expand on this? Who are the IFA?

I know internally Japan is conducting an audit, but the last speculation I saw (here?) is that the Japanese are holding off publishing the results. Maybe because the results are not so good?

Also, isn't Moody's reviewing Japan's sovereign debt?

Peter


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