Thursday, January 17, 2008

Japanese Banks in for a rough ride

Japan's subprime losses increased since Sept -FSA

Japanese banks' subprime valuation losses have expanded since the end of September, the head of the Financial Services Agency said on Thursday. FSA Commissioner Takafumi Sato made the comment at a regular briefing. The regulator has previously said Japanese banks' subprime exposure stood at around 1.2 trillion yen ($11.20 billion) as of the end of September.

Posted by lvmreader @ 04:43 PM (481 views)
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