Japan takes promising steps to reform beleaguered banks
Article Abstract:
The Japanese government's plans to end a banking crisis that has lasted almost 10 years include the establishment of a Financial Rehabilitation Commission that will identify more troubled Japanese banks needed to be fixed. The commission is patterned after the Resolution Trust Corp, the US agency that supervised the cleanup of the country's savings and loan industry in the early 1990s. In addition, the Japanese government seized control of Nippon Credit Bank, which is among the 50 largest bank in the world.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Changes hit communities hardest: when Nissan plant closes, town residents will feel the pain
Article Abstract:
Nissan Motor Co Ltd's decision to close a 291-acre plant employing 2,900 workers has shocked the local communities of Tachikama and Murayama, many of whose enterprises have prospered from the business that plant workers bring in. Cities and towns across Japan are frequently dominated by a single industry and the wave of restructuring sweeping the nation's business community will most certainly hurt many cities or towns such as Tachikama and Murayama.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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