Japan banks to raise billions – answers
Japan banks to raise billions
true/false
- Another word (at the beginning of the report) for hit by is bettered by. F: beggared by
- Japanese banks want to raise more than US$39 billion. T
- Japan’s financial stocks rose this week. T: on Tuesday
- Japan’s economy and financial markets have reached the bottom and should now revive. F: there is hope that they have but not certainty
- Japan’s largest bank has reported 2 consecutive losses. T
- Mizuho bank reported a US$6.1 billion loss just after MUFJ’s announcement.F: before (MUFJ’s announcement came on the heels of Mizuho’s)
- Japanese banks are raising capital but with difficulty. F: smoothly, without difficulty
- Mizuho’s loss came mostly from stock portfolio losses. T
- The Nikkei average must be at 7,000 to 8,000 yen for SMBC to break even on its losses. F: 7,500 to 8,000
- Tuesday’s average was much higher than this. T: well over the 9,000 yen level