USA: FEDERAL REVERSE CHAIRMAN ALAN GREENSPAN SAYS THAT JAPAN STILL HAS SOME WAY TO GO IN DIVERSIFYING ITS FINANCIAL SYSTEM

Record ID: 990064

  • Title: USA: FEDERAL REVERSE CHAIRMAN ALAN GREENSPAN SAYS THAT JAPAN STILL HAS SOME WAY TO GO IN DIVERSIFYING ITS FINANCIAL SYSTEM
  • Date: 20th October 1999
  • Summary: NEW YORK CITY, NEW YORK, UNITED STATES (NYSE - ACCESS ALL) 1. TV/PAN TRADERS ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE 0.32 WASHINGTON. D.C. UNITED STATES (OCTOBER 19, 1999) (VNR - ACCESS ALL) 2. MCU (English) FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN SAYING: "The Japanese government is injecting funds into the banking system in order to recapitalise it. While it has made some important efforts, it has yet to make significant progress in diversifying the financial system. This could be a key element, though not the only one, in promoting long-term recovery. Japan's banking crisis is also ultimately likely to be much more expensive to resolve than the American crisis, again providing prima facie evidence that financial diversity helps limit the effect of economic shocks." 1.14 NEW YORK CITY, NEW YORK, UNITED STATES (OCTOBER 19, 1999) (NYSE - ACCESS ALL) 3. SV BELL SOUND TO END TRADING ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE 1.46 4. PAN OF THE FLOOR OF THE NEW YORK STOCK EXCHANGE 2.00 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 3rd November 1999 12:00
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  • Location: WASHINGTON, D.C. AND NEW YORK CITY, NEW YORK, UNITED STATES
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  • Country: United Kingdom
  • Reuters ID: LVAE24N3VN2L5ZAN6OK58GDJ5OPD
  • Story Text:
  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
  • Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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