Wednesday, July 25, 2007

Subprime woes unlikely to roil Japan banks -UBS

(Reuters) - So far, Japan's top nine lenders, including Mitsubishi UFJ
Financial Group Inc. and Mizuho Financial Group Inc.
, have sunk more than 1 trillion yen into such
investments, UBS credit analyst Nana Otsuki said in a report last
week.




But while the bulk of that may be in securitised products
such as collateralised debt obligations -- which use risky home
loans as their underlying collateral -- Japanese banks have
largely opted for products with high ratings, Otsuki said.


Read more at Reuters.com Bonds News

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