Japan bond rout unlikely

Article Abstract:

Masaru Hayami, the current governor of Bank of Japan (BOJ), is strongly encouraging domestic investors and local banking institutions to exploit the country's sound economic condition by purchasing government bonds. According to Hayami, buying Japanese government bonds would not only diversify the financial portfolio of investors, but would also help maintain the level of interest rate. Critics, on the other hand, believe that such would merely be used by the government as a means of funding a particular economic stimulus package.

Financial management, Finance, Bank of Japan

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Crisis-hit nations to gain from Japan's experience

Article Abstract:

The Japan International Cooperation Agency (JICA) intends to dispatch as many as 50 financial experts to Thailand, Indonesia and Malaysia to lend its expertise in coping with financial system problems. JICA hopes to help these nation's rebuild their financial systems by using experience gained from Japan's own banking crisis. The effort is part of JICA's New Miyazawa Plan, a $30-billion pledge that Japan made to aid its Asian neighbors in coping with the regional crisis.

International economic relations, International aspects, Economic policy, Asia, Japan. International Cooperation Agency

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Legislators agree on plan to clean up the banking system

Article Abstract:

The ruling and major opposition parties in Japan agreed on legislation that is designed to reform the country's troubled banking system. Japan's Prime Minister, Keizo Obuchi, stated that the plan would bring about the end of Japan's economic recession. The plan permits the creation of a situation where debt-ridden banks can expanding lending. Mr. Obuchi said that the plan will revive the economy as finances will be smoothly given to companies.

Comment:

Japan: Ruling and major opposition parties agree on legislation that is designed to reform the country's troubled banking sys

Government regulation (cont), Article

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