Updated: 4/11/2003; 9:51:19 AM.
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Friday, February 22, 2002

Japanese Troubles Could Continue

" ... Japanese economy could deteriorate further and that could drive the yen even lower against the dollar. ... Japan was slumping through a 'very serious crisis.' As confidence gradually erodes in the country's ability to rebound, the yen could sink as low as 160 yen against the dollar by the end of the year."

"Separately Thursday ... Koizumi said the quasi-public corporation charged with helping the country's strapped banks should buy up their bad loans at market value. ... [others] said earlier ... should buy the loans at book value." ... [more]



2:42:00 PM    comment  []    


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