Japanese financial firms relieved by U.S. rescue of GSEs

09/9/2008 | MarketWatch

Although financial institutions in Japan are cautious about buying additional securities issued by Fannie Mae and Freddie Mac, they are relieved by the U.S. government's rescue of the government-sponsored enterprises, according to a report in Nikkei. Some of the firms had decreased their holdings, but altogether they still are estimated to own more than $100 billion in the securities.

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