Hayami offers rare insight into his economic plans; central-bank chief emphasizes need for structural reform, not fiscal policy or easy credit

Article Abstract:

Japanese central bank Gov Masaru Hayami declared that a structural reform is what Japan needs to develop its economy. Hayami said that the central bank would not balk from its current monetary policy but stresses that the policy alone cannot solve the structural problems that are affecting the economy. He also cited three impediments to Japanese recovery, namely, the declining profitability of some sectors, the sorry state of corporate balance sheets and consumer tendency to save rather than spend.

Japan, Banking Institutions, Depository Credit Intermediation, Executive changes & profiles, Officials and employees, Banks (Finance), Economic policy, Beliefs, opinions and attitudes, Central banks, Hayami, Masaru

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Vietnam to issue currency-dealing rules: foreign bankers, lawyers tout regulations' flexibility in managing risk

Article Abstract:

Vietnam will release on August 1997, a new set of rules that will outline management of foreign-exchange products. The rules will also provide easement in foreign investors' management of their foreign-exchange risks. The use of forward contracts, swap and spot trades will be conducted according to legal proceedings. Several investors, however, are demanding for an option contract provision that gives an investor the right to buy or sell a currency at a future date.

Laws, regulations and rules, Vietnam, Foreign exchange dealers, Swaps (Finance)

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