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Tuesday, November 19, 2002 |
Of all the problems facing Japan's banks — falling stock prices, a weak economy, bloated payrolls, nonperforming loans — perhaps the most corrosive is the steady slide in land prices. If the latest statistics and other recent indicators are a guide, property values in Japan are going to sink even further, and undermine the banks' wobbly balance sheets even more in the months to come.
8:57:53 AM Google It! 
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© Copyright 2003 Michael Jamison. E-Mail: 
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