File spoon-archives/marxism-general.archive/marxism-general_1997/marxism-general.9711, message 320


Date: Fri, 28 Nov 1997 17:16:16 -0500 (EST)
From: "Liam R.Flynn" <trinity-AT-hot-shot.com>
Subject: M-G: Asian economics


> 11/28/97 06:15 Japan Deals with Financial Woes Japanese Prime Minister
>  Ryutaro Hashimoto, set to return home today, looks likely to meet
> with advisers as soon as possible to discuss using public funds to
> solve the bad loan mess plaguing the financial sector. Markets,
> soothed by central bank liquidity injections and signs of policy
> action, were calm on the last business day of a week that began with
>  "Big Four" brokerage Yamaichi Securities' collapse. Finance
> Minister Hiroshi Mitsuzuka reiterated his assurances that no
> financial failures were looming, but the remark was greeted in most
> quarters with a hefty dose of skepticism.{ITAR/TASS}


                                                       Liam R.Flynn
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