Hi 1A2,
I would like to share an article with you. It is from Yahoo!
The tittle is:Asia-Pacific's moves to shore up banks

SINGAPORE, Oct 14 - Australia and New Zealand gave a blanket
guarantee to all bank deposits on Sunday and Japan said it was
considering injecting funds into banks, the latest steps by authorities
worldwide to shore up the banking system.

Below is a summary of the measures taken by governments and
central banks in Asia to underpin their banking systems, as part of
efforts to tackle the world's worst financial crisis since the 1930s.

AUSTRALIA
Australian Prime Minister Kevin Rudd said on Oct. 12 his government
would guarantee Australia's entire deposit base of A$600-A$700 billion for
three years, guarantee wholesale bank funding, and make A$4 billion available
for mortgage-backed securities.

NEW ZEALAND
New Zealand's government said in tandem with its Australian neighbour it will guarantee all bank deposits in the country, but did not say how long its guarantee scheme will be in place.

INDIA
The central bank cut banks' cash reserve requirements, or the amount of funds
that banks have to hold with the central bank on deposit, by a hefty 150 basis points on Friday. That freed up $12 billion, which the central bank hopes will
prod banks to start lending to one another other.

CHINA
On Oct. 8, as part of China most aggressive monetary policy easing
this decade, the central bank announced a cut in the bank reserve ratio of 0.5 percentage point. It also cut its benchmark one-year bank lending and deposit
rates by 27 basis points.

It cut the lending rate on Sept. 15 for the first time since February 2002 and
also cut reserve requirements for most banks on the same date.

Regulatory and banking sources said this month the banking regulator had quietly urged medium-sized Chinese banks to boost their capital adequacy ratios above 10 percent by year end, compared with a minimum 8 percent required by existing rules.

HONG KONG
The Hong Kong Monetary Authority said on Sept. 30 it will provide more
liquidity to banks for six months, including expanding discount window
operations to include U.S. dollar assets.

JAPAN
Japan's central bank said on Sept. 29 it would double the size of a
swaps facility and extend the term of its U.S. dollar supply operations
to the end of April to ease strains in short-term funding markets.

The central bank also said it would increase the maximum aggregate
amount of the U.S. dollar swaps facility with the U.S. Federal Reserve
to $120 billion from $60 billion.

It is the first time in history that Japan's central bank is lending dollars,
and is part of a worldwide central bank effort to deal with strong dollar demand.

The finance minister said on Oct. 13 that Japan might also consider guaranteeing
all bank deposits. A day later, he said he was not thinking of this option at present.

The finance minister was asked by the prime minister on Oct. 14 to examine the revival of a law for injecting funds into regional banks, Kyodo news reported.

KOREA
The government said on Oct. 6 it would use the official foreign exchange
reserves to help boost banks' foreign currency liquidity.

Finance Minister Kang Man-soo was quoted as saying on Oct. 14 that the
government would consider guaranteeing local bank foreign currency debts and
raising government guarantees on bank deposits.

INDONESIA
On Oct. 9, Indonesia's central bank cut the reserve requirement for
banks to 7.5 percent from 9.08 percent, and eased accounting rules regarding
the fair value of assets, or mark-to-market, to help banks improve their balance sheets.
The central bank also said it is considering the possibility of raising the guaranteed level for bank deposits.

On Sept. 16, the central bank reduced the cost of overnight borrowing by 200 basis points to 10.25 percent to boost liquidity.

TAIWAN
The government said on Oct. 7 it will fully protect depositors at
local banks, possibly until the end of 2009.

The central bank cut its reserve requirement ratio for banks
on Sept. 16 to 5 percent from 5.75 percent to increase
liquidity in the banking system.

SINGAPORE
Singapore's central bank said it has increased liquidity in money markets
to meet funding needs. No details were available on the amount of liquidity
that was injected. (Reporting by Doug Young in Taipei, Andrew Torchia in
Shanghai, Mette Fraende in Sydney, Cheon Jong Woo in Seoul; Compiled by
Koh Gui Qing; Editing by Neil Fullick)

There are lots of words above that i'm sure 3/4 of the class won't know.
Words like liquidity and revival.
Supportively,
Kush