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To: long-gone who wrote (34703)	6/1/1999 9:11:00 AM
From: John Hunt	Respond to of 116770

The world's largest financial institution is facing a ticking timebomb << The largest financial institution in the world is the Japanese Postal Savings System. It was created in the mid 1960's as a convenient and safe system for "ordinary people" to invest in time deposits. In return, the government benefited from the steady cash deposits. The original concept was that small-lot depositors would create a small financial institution. Japan was not a wealthy nation then and Japanese banks and government officials continually drummed the concept of save, save, save to the Japanese consumer. And save they did. Today, the outstanding balance of Postal Savings is about 250 trillion yen (~U.S.$2.2 trillion). Those are trillions not billions ... cont'd ... >> www2.gol.com