The ailing Japanese yen took heart yesterday from the possible merger of the troubled Long-Term Credit Bank of Japan Ltd with a major trust bank, Sumitomo Trust and Banking Co. Ltd., and surged against the dollar in Tokyo. If the merger talks are successful, the new bank will be Japan's largest, with 42 trillion yen (£213 billion) in assets.
Fillip for weak yen
The ailing Japanese yen took heart yesterday from the possible merger of the troubled Long-Term Credit Bank of Japan Ltd with…
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