Tokyo reformer seeks leadership from nation's banks
Article Abstract:
Japanese banking czar Hakuo Yanagisawa is asking creditor banks to influence their borrowers in the retailing and construction industries to restructure. Yanagisawa's plan to decrease corporate debt in Japan's economy includes working with leaders from Japan's other ministries to determine if companies should receive debt relief.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Ministry overhaul tackled as problems mount for banks
Article Abstract:
Japanese government beuracracies including the Ministry of Finance are being reorganized as Japan examines ways to allow the country's banking industry to avoid large stock losses. Proposed plans to avoid a second bank bailout include 24 hour stock market trading and the encouragment of companies to fund pension plans through shareholdings.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Bank of Japan acts to avoid a potential credit crunch: Decision to ease monetary policy leaves economists divided on effectiveness
Article Abstract:
The Bank of Japan has increased its current account balance to between 10 trillion yen and 15 trillion yen, from 6 trillion yen. Failing banks in Japan will need the cash inflow to provide loans to companies in financial difficulty as the economy contracts.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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