2002 November 01 Friday
Japanese Government Backs Off Banking Reform
Will the Japanese government ever do something about its economy?
The government of Junichiro Koizumi, Japan's prime minister, on Wednesday night backed away from imminent action to clean up the financial system after pressure to water down proposals from bankers and from the ruling Liberal Democratic party.
Japan government back off from banking reform due to lack of understanding of what, why, and how of reform, to cleanup bad loan
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