Japan's banking: The darkest hour before dawn: The future is in the hands of MoF

Yukiko Ohara
The current crisis in the financial system can only be solved quickly, and relatively easily, if the Ministry of Finance (MoF) acknowledged the need for injecting public funds into the system. MoF, however, also needs a political consensus on the issue. Any alternative, which relies heavily or exclusively on the strong banks, will be vehemently opposed by the healthy faction of the financial system. Any delay in solving the crisis through public funds will lead...
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