Is Japan the right role model for other Asian nations? Tokyo's shortcomings loom large today, but soon enough they may become virtues - again

Article Abstract:

The Japanese model of economic support is fast gaining popularity as the model for economic development in many beleaguered Asian economies. The Japanese economic model is composed of strict regulation of industries, price controls and agricultural subsidies, all of which interact to allow the government to support troubled industries through low interest rates. But such a policy leads to low iniative among its financial players, as evidenced in the poor loan decisions of many bank managers which caused Japan's banking crisis.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Analysis, Political aspects, Economic development, Domestic economic assistance, Subsidies

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Tokyo toughens scrutiny; regulators sanction Credit Suisse operations

Article Abstract:

Japan's Financial Reconstruction Commission revoked the banking license of Credit Suisse Group and suspended other limited operations of its units, namely, Credit Suisse Asset Management Ltd and Credit Suisse Trust and Banking Co. The move was aimed at sanctioning Credit Suisse for not allowing bank examiners to conduct a routine inspection at the Tokyo operations of the bank. The measure has been widely expected to show foreign financial operators in Japan that the government is implementing stricter regulatory policies.

Government regulation (cont), Offices of Bank Holding Companies, Bank Holding Companies, Discipline, Credit Suisse Group

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