Comments on: Inflation, monetary control and the U.S. economy drag Asia down http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html China & India, 40% of the world's population Thu, 08 Jan 2009 09:08:09 +0000 http://wordpress.org/?v=2.2-RC2 By: Chen Wang http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14305 Chen Wang Tue, 16 Sep 2008 10:23:37 +0000 http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14305 Guess who'll buy into US financial institutions? Chinese state and Indian offshore equities. Nothing like a fire sale. More US assets going across to Asia. Guess who’ll buy into US financial institutions? Chinese state and Indian offshore equities. Nothing like a fire sale. More US assets going across to Asia.

]]> By: Colin White http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14304 Colin White Tue, 16 Sep 2008 10:21:53 +0000 http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14304 Quite an afternoon! The MSCI finished 3.9% down today on trading results in Japan, China, Hong Kong and Korea. Mumbai's Sensex down 3.5% following the news about Lehman Brothers bankruptcy. Not too bad. Some Asian protection against US subprime fallout. Asian banks didn't buy much into that and it seems the Japanese were the worst affected. AIG still got downgraded for their debt though, and they are big players in Asia...it ain't over yet. Quite an afternoon! The MSCI finished 3.9% down today on trading results in Japan, China, Hong Kong and Korea. Mumbai’s Sensex down 3.5% following the news about Lehman Brothers bankruptcy. Not too bad. Some Asian protection against US subprime fallout. Asian banks didn’t buy much into that and it seems the Japanese were the worst affected. AIG still got downgraded for their debt though, and they are big players in Asia…it ain’t over yet.

]]> By: Fujita Morara http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14299 Fujita Morara Tue, 16 Sep 2008 09:58:51 +0000 http://www.2point6billion.com/2008/09/16/inflation-monetary-control-and-the-us-economy-drag-asia-down-916.html#comment-14299 Japan has taken a big hit on lending to Lehman Brothers (who just filed for bankruptcy) and who owe 7 banks there USD1.8billion. The BOJ just released 13.5 billion British pounds into the markets in Tokyo to stave off a Japanese crash. Quotes from Japans Financial News Agency: The financial services minister, Toshimitsu Motegi, attempted to allay fears that, having survived the worst of the sub-prime crisis, Japan was about to be hurled into the turmoil currently rocking the economies of the US and Europe. "So far, we haven't confirmed any signs that Japanese financial institutions are seriously affected," he told reporters. The finance minister, Bunmei Ibuki, said he was confident Japan's would have limited exposure to Lehman's collapse. "Considering the conditions of each financial institution's self-owned capital, we do not have to worry about the Japanese financial system, though those entities have extended loans to Lehman," he said. Japan has taken a big hit on lending to Lehman Brothers (who just filed for bankruptcy) and who owe 7 banks there USD1.8billion. The BOJ just released 13.5 billion British pounds into the markets in Tokyo to stave off a Japanese crash. Quotes from Japans Financial News Agency:

The financial services minister, Toshimitsu Motegi, attempted to allay fears that, having survived the worst of the sub-prime crisis, Japan was about to be hurled into the turmoil currently rocking the economies of the US and Europe.

“So far, we haven’t confirmed any signs that Japanese financial institutions are seriously affected,” he told reporters.

The finance minister, Bunmei Ibuki, said he was confident Japan’s would have limited exposure to Lehman’s collapse.

“Considering the conditions of each financial institution’s self-owned capital, we do not have to worry about the Japanese financial system, though those entities have extended loans to Lehman,” he said.

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