Japan tries to halt selloff in bank's shares

Article Abstract:

The Finance Minister of Japan worked to stabilize financial markets and prevent the further selloff of a weakened bank's shares. The minister's efforts were part of the Japanese government's move toward creating a system that will aid in the restructuring of collapsed banks. Japan's leadership is establishing the details of the "Total Plan" that will deal with bad and unstable loans worth $600 billion. These loans are damaging the banking system. Meanwhile, the Long-Term Credit Bank is hoping to bring about a rescue merger in order to stabilize itself.

Comment:

Japan: Finance Minister of Japan works to stabilize financial markets and prevent further selloff of a weakened bank's shares

Government domestic functions, Economic Programs, Administration of Economic Programs, Economic policy

---

Bank reform, not bankruptcy, is the big talk in Tokyo

Article Abstract:

The collapse of the Japan Leasing Corporation is a sign that the ruling Liberal Democratic Party (LDP) is willing to allow major businesses to fail rather than try to bail them out. This is according to some analysts. This has shown a focus on bank reform and a move away from bankruptcy. Reform in the Japanese banking industry is a major step towards ending the country's economic recession. Opposition parties compelled the LDP to forego traditionally secret talks.

Comment:

Collapse of co is a sign that ruling LDP is willing to allow major business to fall rather than bail them out

Organizational history, Equipment Leasing & Rental, Rental and Leasing Services, Equipment rental, Japan Leasing Corp.

---

Japan's lower house clears $508 billion bank rescue

Article Abstract:

The Japanese parliament's lower house passed a bank rescue bill that will invest huge amounts of funding into the country's troubled banking system. The passage of the bill is move towards reforming its damaged banking system following months of political debate. Parliament's upper house is expected to give its approval of the bill on October 16, 1998. The bill will infuse 60 trillion yen ($508 billion) into the banking system.

Comment:

Japan: Parliament's lower house passes bank rescue bill that will invest huge amounts of funding into troubled banking system

Similar abstracts:

• Abstracts: Japan waits as 2 banks weigh merger. Japanese banks cutting back on US presence
• Abstracts: Seagram is close to deal to sell to MGM Polygram film library for $400 million. Murdick sells TV Guide to an affiliate of TCI
• Abstracts: ARCO expected to sell unit to Lyondell. Teleglobe, Excel to use U.S. sales tactic abroad. Arco expected to sell unit to Lyondell
• Abstracts: Onex offers to buy Canada's big airlines; Canadian Airlines supports plan, but Air Canada reacts coolly to merger
• Abstracts: Buffet takes General Re into his fold. A humbled Cendant calls off $3.1 billion American Bankers deal. Marsh & McLennan to buy big British insurance broker

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.