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How the Bank of Japan won its battle for independence

Article Abstract:

Japan's central bank is about to be granted its independence from the Ministry of Finance (MoF) due to the growing unpopularity of the bureaucrats of the agency. However, the Bank of Japan (BoJ) used underhanded tactics in ensuring that monetary policies be under its sole control. It began in the late 1980s when BoJ Gov. Yasushi Mieno raised interest rates, subsequently paralyzing the banking system. Although it knew the right policy to deal with the economic slump, the BoJ chose to sabotage the MoF's reflation plans and blamed the latter for the long recession.

Japan, Political aspects, Powers and duties, Bank of Japan, Japan. Ministry of Finance

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Kingboard's material edge

Article Abstract:

Kingboard Chemical Holdings Ltd continues to enjoy huge cost benefits and competitive advantage over its Taiwanese and Korean competitors through the expansion of its base-material production. The Hong Kong-based manufacturer of laminates further plans to expand its business through the help of a $10 million investment from Citicorp Everbright China Fund. The deal is not only expected to provide financial leverage to Kingboard, but generate a significant amount of return to the ailing bank, as well.

Laminated Plastics, Laminated Plastics Plate, Sheet, and Shape Manufacturing, Laminated plastics plate & sheet, Contracts, Hong Kong, Plastic laminates, Composite materials industry, Kingboard Chemical Holdings Ltd, Citicorp Everbright China Fund

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Trend toward consolidation is considered insufficient

Article Abstract:

Analysts said that the rising trend of consolidation among banks in South Korea may be a provisional method with narrow advantages, though mergers will definitely allay the overcapacity problem in the country's economy. Market analysts have surmised that the banks are under pressure from the government to consolidate, however, a bank supervisory official disclaims the speculation.

South Korea, Economic aspects, Acquisitions and mergers

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