[lbo-talk] Capital and Loss in Japan.....

Mike Ballard swillsqueal at yahoo.com.au
Mon May 26 18:47:20 PDT 2003


Japanese banks hemorrhage By Shane Green, Herald Correspondent in Tokyo May 27 2003

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> From the "Sydney Morning Herald"

Japan's troubled top seven banks reported a combined record loss of about ¥4.62 trillion ($60 billion) late yesterday, reinforcing warnings from the country's central bank that the world's second largest economy could plunge into crisis at any time.

The world's largest bank by assets, Mizuho Financial Group, lost the most - ¥2.38 trillion, the biggest loss in Japanese corporate history....

full: http://www.smh.com.au/articles/2003/05/26/1053801342977.html

===== ***************************************************************** Those who take the most from the table, teach contentment. Those for whom the taxes are destined, demand sacrifice. Those who eat their fill, speak to the hungry, of wonderful times to come. Those who lead the country into the abyss, call ruling difficult, for ordinary folk. -- Bertolt Brecht http://profiles.yahoo.com/swillsqueal

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