Japanese Bank

* In “Japanese Investors’ Go-Go Days Are Gone” (editorial, Sept. 17) you made the misstatement that the Dai-Ichi Kangyo Bank “defaulted on a $114-million loan on [the Ritz Carlton Huntington].” This statement is clearly incorrect since we were the lender of record against the property in question.

DKB is one of the world’s premier banks with assets in excess of $576 billion and a solid international reputation in the banking community and among its customers for quality service. Your readers should be informed of this fact to clear up the confusion caused by the article.

J. HARMON

Vice President

Dai-Ichi Kangyo Bank Ltd.

Los Angeles