China's banks need reform, not just money

Article Abstract:

The Chinese government must introduce major policy reforms in the banking industry if it wants the financial sector to recover from massive losses. Aside from granting capital to banks in order to write-off their loans, fiscal regulators must also underscore the implementation of commercial bank lending requirements based on economic factors. The central bank must further be allowed to participate aggressively in lending activities, while granting it with independent supervisory authorities.

Public Finance Activities, Economic Programs, Administration of Economic Programs, Fiscal Policy, Methods, China, Banking industry, Management, Evaluation, Column, Economic development

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Printing money for Tokyo?

Article Abstract:

A group of Liberal Democratic Party lawmakers has filed a proposal for the Japanese Central Bank to purchase government bonds directly from the Ministry of Finance. The move, which is aimed at loosening the monetary policy, is designed to fund the government's rapidly expanding deficit. The proposal has sparked debate among experts. The Bank of Japan is strongly opposed to the plan while Finance Minister Kiichi Miyazawa and other lawmakers have expressed their doubts over the proposal.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Japan, Political activity, Central banks, Monetary policy, Government securities, Banking law, Liberal Democratic Party (Japan)

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