Source : The Business Times, September 25, 2007
TOKYO - Japanese Financial Services Minister Yoshimi Watanabe said on Tuesday that the impact from the US sub-prime loan crisis is expected to last for a considerably long time.
Mr Watanabe's comments came after the International Monetary Fund on Monday said that the turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might arise.
'Just as the IMF pointed out, the impact from the US sub-prime loan problem is expected to last for a considerably long time,' Mr Watanabe told a news conference. -- REUTERS
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