Japan Prepares Moves To Rejuvenate Banks After Long Recovery
Sept. 15, 2005 12:01 am ET
TOKYO -- Japan's Financial Services Agency wants to implement a series of policy steps aimed at revitalizing the country's financial system now that the banking sector has largely recovered from more than a decade of bad loans, a senior agency official says.
"There has been a phase change in Japan's financial sector and economy. We now ought to take steps to build up a future-oriented infrastructure" for the sector, Katsunori Mikuniya, the director-general of the agency's planning & coordination bureau, said in an interview.
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