Fri Oct 17, 2008
By Yuzo Saeki and David Dolan
TOKYO (Reuters) - Japan is looking at easing accounting rules as an emergency step to soften the blow from losses on risky credit products, joining other global authorities to contain the fallout from the global market turmoil.
Prime Minister Taro Aso said on Friday that the recent market volatility could badly damage the nation's economy and its financial system, suggesting Japanese authorities' confidence in its banking sector may be waning. http://uk.reuters.com/article/usTopNews/idUKTRE49G0OU20081017?sp=true