Banking industry is expected to face further turmoil
Article Abstract:
Prospects for Japanese banking institutions in fiscal year 1998 appear uncertain, as the industry is saddled with huge debts, amounting to a total of $76 billion in problem loans. Conditions may further be aggravated by the rising number of banks filing for bankruptcy claims and the declining value of real estate properties. In 1997 alone, Japan's top of the line international banks recorded a total loan amount of 10.2 trillion yen. These have prompted other bank companies to venture in other financial operations in order to elude the country's ailing pay structure.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Who is right, Moody's or the Bank of China?
Article Abstract:
Moody's Investors Service has given the Bank of China a low rating because of its low performance in the past but the bank continued issuing investors certificates of deposits amounting to $258.7 million. Investors willingly accepted the certificates boosting the bank's confidence. In reality, the investors were largely motivated by the desire to create cordial relations with the bank, which is China's leading financial institution.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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U.S. bankers grow more confident of increased stability
Article Abstract:
US bankers are confident that the bailout plans for South Korea and the economic reforms that Japan has instituted would bring about favorable results. Bankers agree that protecting Korea would also affect the Japanese situation favorably and would lead to increased stability in Asia. Bankers maintain that the Japanese and the Korean financial industries seem to be moving in the right direction.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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