In 1997, amidst Japan's continuing fiscal issues, Prime Minister Ryutaro Hashimoto sought to restructure the financial sector to allow it to be more clear and internationally competitive. However the financial troubles, which seem to have subsided, appeared as though they might be worsening. So, Hashimoto had to consider precedence.
Should he focus on long term restructuring, financial rescue that is immediate, or both? Might an overemphasis on long-term restructuring raise the chances that important banks could fall? And what were the greatest political and economical strategies in these stadiums? As a leading developed market, Japan offers an analog to the issues that faced America in its 2008 09 financial catastrophe.
PUBLICATION DATE: November 02, 2009 PRODUCT #: 710037-PDF-ENG
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