Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ramsey Su who wrote (6527)	9/20/1998 5:40:00 PM
From: Joseph Beltran	Respond to of 9980

several interesting articles on s.korea economic situation in today's edition of s.k. times: koreatimes.co.kr

To: Ramsey Su who wrote (6527)	9/20/1998 8:43:00 PM
From: Tundra	Respond to of 9980

Ramsey, >that was exactly the article I read before, thanks for bringing it back up.< You are quite welcome. I have been following this thread (together with a few others in the International area) for a few months now. In my view, they exhibit the best SI has to offer; intelligent and courteous discourse on a variety of very topical matters together with a blend of personal anecdotal experiences which are often quite fascinating. >>It seems like anything coming out of Japan is of the same smell of the stuff from the White House. May be eight articles later, the public would finally get close to something that resembles the truth. << A prescient comment. The Japan banking "agreement" apparently lasted almost an entire weekend. See the following; Sun, 20 Sep 1998, 8:09pm EDT 9/20 Japanese Stocks Seen Falling as Banking Reform Bills Jeopardized Tokyo, Sept. 21 (Bloomberg) -- Japanese stocks may fall for the third time in four sessions, led by lenders such as Bank of Tokyo-Mitsubishi Ltd. on concerns a compromise over a government plan to bolster the country's financial system may come apart. Investors face the prospect of further delay in reforms for the banking industry after statements by the ruling Liberal Democratic Party and opposition groups cast doubts upon the viability of a basic agreement announced Friday night. ''The whole debate on banking reform is back to square one,'' said Akira Yamada, chief dealer at Kyokuto Securities Co. ''It wouldn't be quite so bad if there wasn't such a lack of encouraging news on the earning front and overseas markets.'' The two sides indicated over the weekend they remain apart on such fundamental issues as using taxpayer money to prop up struggling lenders and reducing the Finance Ministry's regulatory authority. The leader of Japan's largest opposition party, Naoto Kan, said anti-government forces ''must be prepared'' to tear up Friday's agreement if the LDP fails to adopt their interpretation of key provisions, the Nihon Keizai newspaper reported. Financial shares will likely pay the price for further political deadlock, as investors worry banks will continue to stagger under a burden of bad loans estimated at 77 trillion yen ($584 billion). Those concerns have dragged down the Topix banking index more than 13 percent in the last six weeks... Regards, Tundra