Japan Inc., January 1st, 2004
EVEN THE BIGGEST OPTIMIST had to admit that it was all going a little too well to be credible. The Japanese banking system, though allegedly on the mend, is still the kind of patient that can suffer a sudden relapse and put the entire industry back on the critical list
With the end of the year in sight, Ashikaga brought Japan's banking collapse total to two. There were plenty of similarities between the nationalization of Ashikaga and the partial state seizure of Resona back in May. But it's the few critical differences that worry us.
First of all, there was the apparent lying and deceit--...
HighBeam Research, Free Preview: 'Ashikaga implodes.(The Pulse 1)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
