首页
登录
职称英语
Mizuho, the world’s largest bank in terms of assets, expects to post a net
Mizuho, the world’s largest bank in terms of assets, expects to post a net
游客
2023-11-07
29
管理
问题
Mizuho, the world’s largest bank in terms of assets, expects to post a net loss of $16 billion, the largest ever incurred by a Japanese company. The loss would be more than double last year’s.
Mizuho, like other Japanese banks, has been saddled with tens of billions of dollars in bad loans. The burden grows heavier as more Japanese firms declare bankruptcy due to the sluggish economy. Mizuho has also been troubled by technical glitches — more than two million banking transactions went awry last April because of computer errors.
James Fiorillo, a senior banking analyst at Commerz Securities, said the government may be forced to bail out Mizuho with taxpayer money if its capital ratio drops below eight-percent, the legal limit. "I do not know where they are going to get the appropriate level of capital to make up for some of these losses — I think it brings Mizuho in line with some of the more aggressive banks in terms of what they are writing off this year," he said. "But it’s not clear how they are going to recapitalize themselves and how they are going to deal with the fact that bad debts, new bad debts are still coming on line at a very rapid rate."Mizuho’s top executives say they hope to avoid government intervention and raise bailout funds from private investors.
The bank was created in September 2000 through the merger of three big Japanese financial institutions and has so far proved a major disappointment to its founders and shareholders.
The Bank of Japan, the country’s central bank, says the outlook on the country’s economy remains grim. In its monthly economic report, the BOJ says Japan’s exports and industrial output are flat and warns there is still substantial uncertainty about prospects for an economic recovery after more than a decade of weakness.
The report came out one day after the central bank decided to leave monetary policy unchanged, defying a call from Prime Minister Junichiro Koizumi to take bolder action to reverse three years of deflation. Some economists expect the central bank to buy more bonds as early as next month to help shore up the economy.
A group of Japanese oil companies takes a stake in an Iranian oil deal organized by energy giant Royal Dutch/ Shell. The group, led by the Japanese Petroleum Exploration Company, bought a 20-percent share in the $800 million ventures to develop two oil fields in Iran. The fields have an estimated reserve of more than one billion barrels of oil.
Investors will be repaid in oil in exchange for their investment. Japan is eager for a role in Iranian oil production because it is largely dependent on imports from the Middle East. [br] What was the relation of the BOJ’s monetary policy and the call from Japanese Prime Minister?
选项
A、The policy supported his call.
B、The policy was against the call.
C、The policy and the call were interdependent.
D、The policy and the call were the same to some degree.
答案
B
解析
事实细节题。文章倒数第三段说:日本中央银行决定保持货币政策不变…反对首相森喜朗采取更大胆的动作以扭转三年的通货紧缩的号召。这说明银行政策与首相的号召是相抵的。
转载请注明原文地址:https://tihaiku.com/zcyy/3166250.html
相关试题推荐
WhatisthelargestethnicgroupinSanFrancisco?[br][originaltext]W:Areyo
WhatisthelargestethnicgroupinSanFrancisco?[br][originaltext]W:Areyo
WhatisthelargestethnicgroupinSanFrancisco?[originaltext]W:Areyouvisi
Theteacher______expectshisstudentstopasstheuniversityentranceexaminat
Mizuho,theworld’slargestbankintermsofassets,expectstopostanet
WhenthesunisupinAmsterdam,thelargestcityintheNetherlandssitsqu
Internet,a________ofmillionsofcomputerslinkedworldwide,isthelargest
WhatisthelargestethnicgroupinSanFrancisco?[originaltext]W:Areyouvisit
Telecommunicationsanalystspredictthat____willbethelargestmarketformob
Theteacher______expectshisstudentstopasstheuniversityentranceexaminat
随机试题
Whichisabetterchoice,tobuyahouseonmortgageortorentahouse?Thi
Ifyou’relikemostpeople,you’rewaytoosmartforadvertising.Youskipr
[originaltext]PoliceinSwitzerlandhaveconfirmedthataterminallyillBr
对
关于HELLP综合征,下列哪项是错误的A.有溶血发生 B.肝酶升高 C.血小
根据下列材料设计教学片段。 (1)《普通高中历史课程标准(实验)》规定: 知
根据给定材料,下列说法正确的是:() A.2008年房价整体回落 B.图
不宜入汤剂的驱虫药有A.雷丸 B.南瓜子 C.槟榔 D.贯众 E.鹤草芽
男性,50岁。拔除下颌第一磨牙后,新鲜血液充盈牙槽窝,但不能淹没牙根间隔。正确的
编制和评审可研报告的费用属于()。A.勘察设计费 B.研究试验费 C.
最新回复
(
0
)