Underworld mergers
Article Abstract:
Japan's underworld is shifting even as its political landscape transforms. A 1991 law and the collapse of the 1980s 'bubble' economy have forced gangs to consolidate. The three largest had 25% of the nation's official gang members in 1989; now they have 65%. The past year has seen the trend grow stronger, as the Kobe-based Yamaguchi-gumi forged bonds with other groups in the Kansai region and the two largest Kanto-area gangs responded in kind.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Accent on Asia: banks pull back from US and Europe
Article Abstract:
Japanese banks are in a crisis, resulting in a withdrawal from European and US activities and increased lending to Asian countries. Loans to the US have declined from 38% of the foreign loan total in 1989 to 27% of the total in 1992. Asset trimming has resulted from higher capital adequacy rules of the Bank for International Settlements, and cost cutting is also occurring.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Comment about this article or add new information about this topic:
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