Wikileaks: Cablegate - Japan mentions

This page will attempt to document all mentions of Japan from the Cablegate leak, add context and rate interest level for readers.

Searches to find content will be done using http://cablesearch.org/ and mentions in media. Context will be added through research using news and reference sites. Judgements on interest level will be our own.

Economy

March 17, 2008

This cable was published on the Guardian website.

In it, Bank of England Governor Mervyn King describes a plan that would see “the U.S., UK, Switzerland, and perhaps Japan might form a temporary new group to jointly develop an effort to bring together sources of capital to recapitalize all major banks.”

King, however, “said Japan might not be included because it has little to offer. King noted, though that including the Japanese might force their hand in finally marking to market impaired assets.”

The cable demonstrates that King has questions about Japan’s bookkeeping.

Foreign Affairs