Thursday, November 13, 2008
getting serious…
Tables Turn On Japanese Banks
Japanese banks have are revealed by Forbes to be undercapitalised and needing assistance. The Japanese government also proposed supplying the IMF with 100 billion US dollars recently (not mentioned).
Posted by stillthinking @ 03:26 PM (593 views)
3 thoughts on “getting serious…”
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paul says:
This seems like bitterly wishful thinking on the part of US-based Forbes.
“Just because they have all the money and were cleverer than us, doesn’t mean they’re better than us”
stillthinking says:
I think they are just pointing out facts, and the fact they are pointing out is that fifteen years later, after the Japanese collapse, the banks don’t have enough capital to honour their obligations. Given the yen carry trade did exist, then Japanese banks must be in the same dire straits as US banks.
Fjcruiser says:
japanese banks are still indebted with the sour property loans of the 80s.