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Gov't Eyes Injecting Public Funds Into Quake-Hit Lenders

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The government acknowledged Sunday that it is considering the possibility of injecting public money into banks and other financial institutions operating in the areas hit by the massive earthquake earlier this month to ensure they continue to smoothly operate their businesses.

Chief Cabinet Secretary Yukio Edano told a press conference that relevant government offices have already been instructed to consider any necessary steps. ''It is important for financial institutions to operate stably,'' the government's top spokesman said.

There have been concerns after the March 11 quake in northeastern Japan that small regional lenders are facing difficulty raising the necessary funds to continue their operations.

Will this disaster create even more zombie banks?

Looks like some Japanese banks may have been already close to the "insolvent" state before the quake/tsunami hit and now they've been sent over the edge.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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