Will Japan never learn?
Article Abstract:
The Japanese financial system is undergoing reforms and mergers and deregulation are having a major impact. The allocation of credit was hampered by the financial system, so there was a need for reform. The government has, however, become increasingly involved in lending, which is a retrograde development. There is a need to privatize banks owned by the state and to end the credit-guarantee program. The problems of the banking system arose from government intervention, and the mistake should not be repeated.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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A whopping great explosion
Article Abstract:
Japan's regulations have made it difficult for Japanese investors to invest overseas, however coming financial deregulation will make such investments easier. Therefore, it would behoove the Japanese financial system to make investments in local markets more attractive.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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Reform on hold
Article Abstract:
Japan's new prime minister Junichiro Koizumi is already being accused of watering down or abandoning the major reforms he had promised. There is particular criticism of his lack of action to clean up the country's banks.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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