Japanese bank says "no guarantees"

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We have a good friend in Oregon who travels to Japan several times a year and winters over in Japan also. (Wife is from Japan.) He has a heavy equipment business. (Brings machinery over here to resell.) - A money man.

His bank in Japan sent a letter saying they would not quarantee ANY money in their bank. He just told me this on the phone last night. He is older and very interesting man. His take on this was amusing to me. He said, "I am pulling all my money out of the bank in December, since they already told me they would be stealing it."

-- homestead2 (homestead@monroecty.net), November 05, 1999

Answers

And the name of that bank would be...?

-- PNG (png@gol.com), November 05, 1999.

I would be very interested in the name of the bank, if you can get it, and the wording (or a resonable approximation) of the warning. This could have _very_ serious implications for the international financial sector.

-- Midas (midas_mulligan_2000@yahoo.com), November 06, 1999.

I never thought to ask. I will be talking to him again next week and will definately get the name of the bank. Also, the exact wording of how the bank said it.

I'll have to train myself to get ALL the specifics, - names, dates, wording, etc. necessary for believablity whenever anyone tells me anything y2k related, if I am going to pass it on.

-- homestead2 (homestead@monroecty.net), November 06, 1999.


Thanks, Homestead2.

If the information is all in Japanese, contact me at the email address shown below for a fax number. I have friends who are professional translators who can produce an English version, which I will post. I may also be able to get secondary confirmation from Japan.

-- Midas (midas_mulligan_2000@yahoo.com), November 07, 1999.


To the top...

Any news on the name of the bank, homestead2?

-- PNG (png@gol.com), November 13, 1999.



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