Delay in Japanese bank bailout vote could undermine economic confidence

Article Abstract:

The Japanese government has rescheduled a parliamentary vote to approve the controversial public bailout plan for banks. Analysts stressed that further delays in the bailout plan, which will tap over $6 million in public taxes to fund ailing banks, could undermine economic confidence and exacerbate Japan's economic problems. Such delays could extend the budgetary process into the next fiscal year, which under Japanese law, would force legislators to submit the proposed budget to scrutiny from the upper house of the Diet.

Public Finance Activities, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Budget Process, Laws, regulations and rules, Banks (Finance), Budget, Budgeting, Budgets, Political aspects

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Japanese government under pressure to come up with stimulus package

Article Abstract:

The Japanese government is intensifying its efforts to stimulate the country's stagnant economy. The government is planning to expedite the release of 45 trillion yen earmarked for public works spending for the current fiscal year. In addition, it may introduce a special subsidy package to encourage Japanese companies to retain and retrain their employees. Meanwhile, the Liberal Democratic Party is considering implementing a moratorium on real property taxes to revitalize Japan's ailing real estate market.

Intnl Affairs & Finance, National Security and International Affairs

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Financial woes expose limits of Japanese growth model: focus on bank financing, not bond markets, has risks - but region could borrow solution, too

Article Abstract:

Southeast Asia's adoption of the Japanese model for economic growth is partly to blame for the region's current financial crisis. The Japanese model encouraged high domestic savings and discouraged the growth of the bond market. As a result, bankers had more leeway in dictating the direction where loans were made. Moreover, under the model, long-term growth is jeopardized by the absence of healthy capital markets, particularly bond markets.

Economics, Research and Development in the Social Sciences and Humanities, Economic aspects, Southeast Asia, Credit market, Credit markets, Depressions, Economic depressions

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