Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

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

Recommended Posts

http://english.kyodonews.jp/news/2011/03/79775.html

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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.