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Banks need continued systemic support to avert crisis: Moody's.

Publication: Japan Weekly Monitor
Publication Date: 31-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 28 Kyodo

Japanese banks will require ongoing monetary support from the government to protect them from a financial system disturbance, Moody's Investors Service Inc. said Friday.

''Moody's believes that the banks will require continued systemic support to avoid further market-driven distress,'' the major U.S. credit-rating agency said in a report....

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