6 April 2001, 10:47  JAPAN UNVEILS EMERGENCY ECONOMIC PACKAGE

The package, which held no surprises, failed to excite themarket as dealers awaited details, including the time frameof implementation. Some of the highlights of the packageinclude the establishment of a stock-purchase fund to buycross-shareholding over a three-year period and requiringbanks to write off bad and high risk loans in a suggestedperiod of two years.

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