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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Zardoz who wrote (5150)4/7/1999 5:56:00 PM
From: Ahda  Respond to of 82019
 
Yes i am was born at home but live here in LA My dearest girlfriend lives in Vancouver. I hail from the west Winnipeg.



To: Zardoz who wrote (5150)4/7/1999 6:24:00 PM
From: Ahda  Respond to of 82019
 
Atleast US banking system looks good Take care.

BOJ contingency plan targets millennium bug

The Bank of Japan has drafted a contingency plan for the millennium bug
computer problem so that manual operations can be used in case of
system failures.

The bank is aiming to ready a list of contact numbers, including
private-sector financial institutions, government ministries and central
banks in other countries by the end of the year, BOJ officials said.

It will also print out certain data for implementing manual operations and
assign personnel to conduct system checkups, according to the bank. The
bank has already made adjustments in its BOJ-NET settlement system to
cope with the Y2K problem itself. It is now testing its connections to
other financial institutions.

On Jan. 1, 2000, the bank will check to see that its water, electricity, air
conditioning and other infrastructure are working.

Each section of the bank will check its computer systems and report any
abnormalities to an in-house "information center" that will exclusively
handle the Y2K-related problems, according to the bank. On Jan. 2, the
bank will conduct a final round of Y2K compliance tests with private
institutions and decide on Jan. 3 if it needs to switch to manual operations.

While U.S. financial authorities have decided to issue more bank notes to
avoid the lack of cash in case the banks' systems go wrong, the BOJ does
not see the need to take such a step since it already holds some 40 trillion
yen in bank notes and can disburse them at its branches nationwide if
needed, the officials said.

Officials of the central bank said that it hopes to compile a more detailed
crisis management plan by June.

FALLING REAL ESTATE: The National Land Agency said March 25
that land prices in Japan declined for the eighth consecutive year in 1998.
The average price of residential land as of Jan. 1 dropped 3.8 percent
from the year before, compared with a year-on-year decline of 1.4
percent the previous year. The average price of land for commercial use
dropped 8.1, compared with a 6.1 percent fall in 1998. The rate of
decline expanded for the first time in three years for residential land and
for the first time in six years for commercial land.