51. Tomorrow Japan reveals its plan to bolster ailing banks. 52. U.S. bonds posted the biggest loss in three weeks amid concern Japan will sell Treasury securities to bolster its ailing banks and brokerages. 53. Until then the ministry had kept ailing banks alive through arranged mergers and by ordering other banks to bail them out. 54. Using public money to bail out ailing banks is politically unpopular. 55. Primakov also denied widespread speculation that the government was planning to nationalize ailing domestic banks. 56. Recapitalization seems now the most effective and quickest way of restructuring the ailing banks. 57. A major Japanese mortgage company went bankrupt Tuesday, two days after the government took over its ailing main bank. 58. A special body is set up to restructure ailing banks. 59. According to the newspaper, the plan calls for the government to take over some ailing banks and use their assets to help troubled industries. 60. Analysts fear the controversy will jeopardize future bailouts of other ailing banks. |