11 October 2001, 13:22 O'Neill sees "tangible" action from Japan on banks
NEW YORK (AFX-ASIA) - Treasury Secretary Paul O'Neill said he
expects to see some "tangible" action to deal with the problems in
Japan's banking system.
In remarks made after a speech to the National Foreign Trade
Council, O'Neill said: "I think we are going to see some tangible
actions in Japan to deal with their banking system and overvalued
assets, for which steps need to be taken."
Referring to the Sept 11 terrorist attacks, O'Neill said: "I worry
we have some risk of talking ourselves into difficult times when there
is reason to be optimistic."
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