Press Conference by the Commissioner
(Excerpt)
22 July, 2002
- Q.
-
What is your view on the bankruptcy of World Com, the American telecommunications giant?
- A.
-
We are concerned much about its impact to Japanese financial institutions. When we convert the exposure from major banks at 120 yen to a dollar, total amount comes to about 44 billion yen. So I think it has negligible effect on Japanese banks.
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