Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

Aso says banks must disclose non-performing loans

Politics Nov. 16, 2008 - 04:45AM JST ( 4 )

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apecNetworksNov. 15, 2008 - 07:14PM JST

W/out sounding toooooo regional, APEC does have the divergence of economies to establish a financial structure more compatible to a larger spectrum of economies. Time will tell, but I am optimistic that APEC can establish reforms very workable during these turbulent times.

I must say PM Aso is going into the fray w/ purpose and w/ backing - his background in business may be paying off now.
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telecasterplayerNov. 16, 2008 - 03:22AM JST

Aso-san is correct. Unfortunately, there isn't going to be any positive, meaningful action out of the UNited states until AFTER January 20th.
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wanderlustNov. 16, 2008 - 11:48AM JST

Getting banks to admit their non-performing loans and debts is a challenge, none of them will admit to them until they absolutely have to. Even the Japanese banks hid their own for years, contributing to Japan's slow recovery.
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StatisticianNov. 16, 2008 - 12:23PM JST

Well it will all make interesting reading, they have managed to keep the detail under wraps for years. Watch out for low flying yen.