All talk: Tokyo takes a weak swipe at Japan's bank crisis
Article Abstract:
Japan's powerful finance ministry shows signs of weakness in its plan for helping banks deal with their bad debts, released on June 8, 1995, to widespread disappointment. Rather than outlining a way to use taxpayer money, as many hoped, it calls for disclosure of bad debts, better deposit insurance, and using insurance money to prevent bankruptcies. Some analysts say the plan is not bad, and that it finally recognizes the need to let some banks sink while postponing the day of reckoning. The plan is likely to change.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Small change: China's banks labour with the baggage of their past
Article Abstract:
China's state-owned banks remain deeply troubled despite several promising signs and moves in the right direction. The greatest problem is the legacy of having to support money-losing state-owned enterprises, resulting in bad debt estimated at 30% of the four largest banks' assets. A new policy easing credit is helping somewhat, but most of the new money goes to the same favored firms, while smaller or private ones go begging. The state-owned banks are also beginning to show signs of distinctiveness or individuality.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The reality of change
Article Abstract:
China's 1995 commercial banking law seems to herald a new committment to reforming a system where loans to state enterprises were considered subsidies that need not be repaid. Some estimates say a third of that money will never be recovered. However, the new era of tighter credit also has its drawbacks, and is hurting such borrowers as real-estate companies used to the type of lending environment Tokyo saw in the late 1980s. Deregulation could also allow unhealthy risk-taking in loans by inexperienced officers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: India's nationalists clash with reformists over huge power plant deal with Enron. Political infighting in India threatens to kill Enron project and spoil climate for investment
- Abstracts: Out for a gaffe: minister gets the sack for angering military. Crumbling authority: president hit by polls loss and store collapse
- Abstracts: Shallow approach to beams. The journeymen: building a timber frame. Composite timber framing: composite timber beams are being used by architect Architype as an ecological framing method for self-build houses
- Abstracts: Simultaneous determination of the cutting speed and lot size values in machining systems. Production lot sizing in failure prone two-stage serial systems
- Abstracts: Singapore's aggressive marketing pitch has some in colony worried about impact on confidence. Hong Kong