Identifier
Created
Classification
Origin
08TOKYO2687
2008-09-29 03:49:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - U.S. BAILOUT PLAN
how-toVZCZCXRO3498 PP RUEHFK RUEHKSO RUEHNAG RUEHNH DE RUEHKO #2687 2730349 ZNR UUUUU ZZH P 290349Z SEP 08 FM AMEMBASSY TOKYO TO RUEHC/SECSTATE WASHDC PRIORITY 7558 RUEKJCS/SECDEF WASHDC PRIORITY RUCPDOC/USDOC WASHDC PRIORITY RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY RUYNAAC/COMNAVFORJAPAN YOKOSUKA JA PRIORITY RHHMUNA/HQ USPACOM HONOLULU HI PRIORITY RHHMHBA/COMPACFLT PEARL HARBOR HI//N541// PRIORITY RHMFIUU/HQ PACAF HICKAM AFB HI//CC/PA// PRIORITY RUHBANB/OKINAWA FLD OFC US FORCES JAPAN CP BUTLER JA PRIORITY RHMFIUU/USFJ PRIORITY INFO RUEHFK/AMCONSUL FUKUOKA 0090 RUEHNH/AMCONSUL NAHA 2447 RUEHNAG/AMCONSUL NAGOYA 8178 RUEHKSO/AMCONSUL SAPPORO 0665 RUEHOK/AMCONSUL OSAKA KOBE 3832 RUEHBJ/AMEMBASSY BEIJING 5558 RUEHMO/AMEMBASSY MOSCOW 2542 RUEHUL/AMEMBASSY SEOUL 1551 RUCNDT/USMISSION USUN NEW YORK 1835 RHEHAAA/NSC WASHDC
UNCLAS TOKYO 002687
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 - U.S. BAILOUT PLAN
UNCLAS TOKYO 002687
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 - U.S. BAILOUT PLAN
1. LEAD STORIES: Front-page stories on Monday morning
included the resignation on Sunday of the land and
transport minister and a tentative agreement reached on
early Sunday morning between the Bush administration
and congressional leaders on a government proposal to
purchase up to $700 billion in troubled assets in
ailing U.S. financial institutions.
2. "It May Take Time to Stabilize U.S. Financial
System" The business-oriented Nikkei ran a report from
New York stating (9/29): "The bailout plan, which was
tentatively agreed between the Bush administration and
congressional leaders, is aimed at purchasing troubled
assets with public funds while minimizing the financial
burden on taxpayers. In order to achieve those two
contradictory goals, the housing market, which is the
main factor in the current financial crisis, needs to
bottom out quickly. However, the market will likely
remain stagnant. It may take time for the U.S.
financial system to recover its stability."
SCHIEFFER
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 - U.S. BAILOUT PLAN
1. LEAD STORIES: Front-page stories on Monday morning
included the resignation on Sunday of the land and
transport minister and a tentative agreement reached on
early Sunday morning between the Bush administration
and congressional leaders on a government proposal to
purchase up to $700 billion in troubled assets in
ailing U.S. financial institutions.
2. "It May Take Time to Stabilize U.S. Financial
System" The business-oriented Nikkei ran a report from
New York stating (9/29): "The bailout plan, which was
tentatively agreed between the Bush administration and
congressional leaders, is aimed at purchasing troubled
assets with public funds while minimizing the financial
burden on taxpayers. In order to achieve those two
contradictory goals, the housing market, which is the
main factor in the current financial crisis, needs to
bottom out quickly. However, the market will likely
remain stagnant. It may take time for the U.S.
financial system to recover its stability."
SCHIEFFER