Japanese G20 suggestion

- Double the IMF reserves to 640BN USD
- Japan will provide the IMF with a 100 BN USD loan
- Pressing US and Europe to make their financial institutions dump bad assets out of their companies asap

Sounds like a good suggestion to me. Remains to be seen whether the G20 can agree on it, since US and Europe would most likely set precedent for the rest of the world.
Question is, how much will Emerging markets need from the IMF? Nobody knows, but perhaps up to and in excess of 1 TRN USD? I dont know. However, if they succeed in putting this together, it should help equities and emergingmarkets short term. This, however, should provide a selling opportunity for both equity and emerging currencies, CEE, TRY, ZAR.