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US bailout will stabilise financial system: ADB

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Reuters

Posted: Oct 09, 2008 at 1220 hrs IST

Tokyo, October 9: Asian Development Bank President Haruhiko Kuroda said on Thursday the US government's bank bailout plan will help stabilise the nation's financial system.

Kuroda also told a news conference that the timing of a recovery in the financial system will depend on when US home prices stop falling.

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