Identifier
Created
Classification
Origin
08TOKYO2463
2008-09-09 04:40:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - USG BAILOUT OF FANNIE
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UNCLAS TOKYO 002463
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - USG BAILOUT OF FANNIE
MAE AND FREDDIE MAC
UNCLAS TOKYO 002463
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - USG BAILOUT OF FANNIE
MAE AND FREDDIE MAC
1. LEAD STORIES: Front-page items on Tuesday morning
included DPJ President Ozawa's effective election on
Monday to a third term as head of the leading
opposition party, as no one filed to run against him,
as well as the official announcements on Monday by two
candidates for the presidency of the ruling LDP.
2. "More Needs to Be Done to Ease Anxieties About U.S.
Financial System" The business-oriented Nikkei
editorialized (9/9): "The U.S. has moved to rescue two
troubled housing mortgage firms, taking control of the
companies and injecting public funds. These measures
will head off a potential worldwide financial crisis
sparked by credit insecurity in the U.S. However, more
remains to be done to ease financial anxieties, as
housing prices continue to drop, and there are many
private financial institutions whose assets remain at
risk. The risk of a vicious circle of a credit crunch
and a deteriorating economy still remain."
ZUMWALT
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - USG BAILOUT OF FANNIE
MAE AND FREDDIE MAC
1. LEAD STORIES: Front-page items on Tuesday morning
included DPJ President Ozawa's effective election on
Monday to a third term as head of the leading
opposition party, as no one filed to run against him,
as well as the official announcements on Monday by two
candidates for the presidency of the ruling LDP.
2. "More Needs to Be Done to Ease Anxieties About U.S.
Financial System" The business-oriented Nikkei
editorialized (9/9): "The U.S. has moved to rescue two
troubled housing mortgage firms, taking control of the
companies and injecting public funds. These measures
will head off a potential worldwide financial crisis
sparked by credit insecurity in the U.S. However, more
remains to be done to ease financial anxieties, as
housing prices continue to drop, and there are many
private financial institutions whose assets remain at
risk. The risk of a vicious circle of a credit crunch
and a deteriorating economy still remain."
ZUMWALT