A loss of appetite
There are worrying signs that financial reform in Japan is slowing down
IS JAPAN losing its stomach for financial reform? When the government last year decided to extend an emergency measure insuring all bank deposits for an extra two years, it sent out an ominous signal that its appetite for reform was fading. Now, just months after the creation of the Financial Services Agency (FSA), its new financial regulator, there are signs that other key reforms are also about to be pushed back.
This article appeared in the Finance & economics section of the print edition under the headline “A loss of appetite”
From the September 16th 2000 edition
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