Identifier
Created
Classification
Origin
08TOKYO2880
2008-10-16 08:32:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - U.S. FINANCIAL CRISIS
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UNCLAS TOKYO 002880
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 002880
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: Front-page items on Thursday morning
included the plunge in the NYSE on Wednesday.
¶2. "U.S. Needs to Take Next Step" The conservative
Sankei editorialized (10/16): "The U.S. announced an
injection of public funds into major financial
institutions as part of its measures to deal with the
current financial crisis. This is a move to give shape
to the action plan centering on an injection of public
money that was compiled by the U.S., Japan, and
European nations at their G7 meeting last week. The
stock markets, which have fallen into a panic, appear
to have recovered their composure following the move by
the U.S., the source of the current crisis. However,
the financial crisis will not be over soon. The U.S.
needs to swiftly take the next step by discussing the
details of its Emergency Economic Stabilization Act,
which was signed into law on October 3."
SCHIEFFER