Identifier
Created
Classification
Origin
08TOKYO2776
2008-10-06 01:56:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - U.S. FINANCIAL CRISIS
how-toVZCZCXRO8822 PP RUEHFK DE RUEHKO #2776 2800156 ZNR UUUUU ZZH P 060156Z OCT 08 FM AMEMBASSY TOKYO TO RUEHC/SECSTATE WASHDC PRIORITY 7728 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 0221 RUEHOK/AMCONSUL OSAKA KOBE 3966 RUEHBJ/AMEMBASSY BEIJING 5688 RUEHMO/AMEMBASSY MOSCOW 2555 RUEHUL/AMEMBASSY SEOUL 1683 RUCNDT/USMISSION USUN NEW YORK 1956 RHEHAAA/NSC WASHDC
UNCLAS TOKYO 002776
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. FINANCIAL CRISIS
UNCLAS TOKYO 002776
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. FINANCIAL CRISIS
1. LEAD STORIES: Most Monday morning newspapers gave
top or front-page play to the summit among four
European leaders in Paris on Saturday, during which
they vowed to take all necessary steps to protect their
banking systems.
2. "EU Should Show Firm Coordination to Prevent
Financial Crisis" The business-oriented Nikkei
editorialized (10/6): "The financial crisis in the U.S.
is shaking the market and real economy of European
nations. Leaders of France, Germany, the UK, and Italy
held an emergency meeting in Paris and issued a joint
statement declaring that they will take all necessary
measures to prevent the current crisis (from affecting
their banking systems). They did not include in the
statement, though, the creation of a new fund to
support their banks. The EU will be tested whether it
will be able to realize coordination among its members
by overcoming their differing interests."
3. "Crucial Moments Still Ahead" The liberal Tokyo
Shimbun stated in an editorial (10/6): "The bailout
bill was passed in the U.S. Although the worst case
scenario was avoided for the time being, the problem
has not yet been fundamentally settled. The U.S. may
need to consider capital reinforcement of financial
institutions by using public funds."
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. FINANCIAL CRISIS
1. LEAD STORIES: Most Monday morning newspapers gave
top or front-page play to the summit among four
European leaders in Paris on Saturday, during which
they vowed to take all necessary steps to protect their
banking systems.
2. "EU Should Show Firm Coordination to Prevent
Financial Crisis" The business-oriented Nikkei
editorialized (10/6): "The financial crisis in the U.S.
is shaking the market and real economy of European
nations. Leaders of France, Germany, the UK, and Italy
held an emergency meeting in Paris and issued a joint
statement declaring that they will take all necessary
measures to prevent the current crisis (from affecting
their banking systems). They did not include in the
statement, though, the creation of a new fund to
support their banks. The EU will be tested whether it
will be able to realize coordination among its members
by overcoming their differing interests."
3. "Crucial Moments Still Ahead" The liberal Tokyo
Shimbun stated in an editorial (10/6): "The bailout
bill was passed in the U.S. Although the worst case
scenario was avoided for the time being, the problem
has not yet been fundamentally settled. The U.S. may
need to consider capital reinforcement of financial
institutions by using public funds."
SCHIEFFER