Japan seeks support for bank rescue

JAPAN - Japanese finance minister Heizo Takenaka is on his way to Washington in a bid to enlist US support for bailing out Japan's top banks, many of which are burdened by a mountain of bad debt.

Mr Takenaka is due to meet Paul O'Neill, the US treasury secretary, later on Monday. Also at the meeting will be the head of the Council of Economic Advisers, Glenn Hubbard, and the president's economic adviser, Lawrence Lindsay.

The stability - or otherwise - of Japan's financial institutions will be