Japan nears bank-law compromise
Article Abstract:
The ruling Liberal Democratic Party of Japan (LDP) has guaranteed that it will come up with a strong solution for the nation's banking troubles. However, it was the opposition parties that continued to press the need for these solutions. The LDP were compelled to modify proposed banking laws for the third time. The modifications are an attempt to pass a series of banking legislations through Parliament.
Comment:
Japan: Government close to reaching compromise on banking laws
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Japan leans to rescues as solution for banks
Article Abstract:
Japan will be faced with some difficult decisions during the fall of 1998 on how to deal with its financial troubles. Many believe that Japan will implement a rescue plan for their struggling banking industry. Japan's leaders can either allow major banks to collapse and then prepare for the consequences, or implement a rescue strategy in order to prevent threats to the country's financial stability.
Comment:
Japan: Leaders will be faced with difficult decisions during the fall of 1998 on how to deal with Japan's financial troubles
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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