Central bank takes on another institution in crisis

Article Abstract:

The government of Thailand has finally instituted much needed reforms in its economy in the central bank's takeover of the Bangkok Metropolitan Bank. The Bank of Thailand, under new regulatory powers, announced the move on January 23, 1998, after the close of stock-market trading. The action has received positive reaction from bankers and analysts who believe that the takeover is necessary to stabilize the economy. The country's neighbor, Indonesia, on the other hand, has remained passive on the issue. The Thai baht has remained stable in comparison to the Indonesian rupiah, which has fallen significantly lower.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Economic aspects, Banking law, Bangkok Metropolitan Bank Ltd., Thailand. Bank of Thailand, Bangkok, Thailand (City)

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Few policy shifts seen in Taiwan as Sheu takes post

Article Abstract:

Taiwanese Pres. Lee Teng-hui has appointed Sheu Yuan-dong to replace ailing Central Bank Gov. Liang Kuo-shu. Analysts predict no major economic policy changes during Sheu's term, especially in the short-term. They add that the Nationalist Party of Taiwan can expect to have more success in influencing the country's monetary policies under Sheu's term than under Liang, who was perceived as more liberal and independent-minded. Upon his assumption, Sheu intends to strive for stable prices and greater economic growth.

Taiwan, Officials and employees, Appointments, resignations and dismissals, Sheu Yuan-dong

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The mark of zero

Article Abstract:

The article discusses how leading Japanese politicians told Bank of Japan Gov. Masaru Hayami that he should keep his zero-interest-rate policy unchanged, and that the bank's policy board voted to raise the rate to roughly 0.25%, the first rate increase in 10 years.

Japan, Commodity & service prices, Prices and rates, Bank fees, Bank of Japan, Hayami, Masaru

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