BIS Press Release

PRESS RELEASE - BIS consolidated banking statistics for the first quarter of 2002, 26 July.

The consolidated banking statistics released by the BIS today1 show a sharp decline in Japanese banks' international positions during the first quarter of 2002. This effectively reversed the gradual expansion in Japanese banks' foreign assets following the recapitalisation of the banking system in early 1999. European banks continued to expand their claims. Therefore, despite the contraction in Japanese

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