Fraying Nerves In TokyoBy
In the game of capitalism, Japan's powerful Ministry of Finance has always played by its own rules. While other industrial powers largely opened their economies to the realities of global finance and trade, Japan's markets have remained in the MOF's iron grip. And in the name of protecting the financial sector, the MOF has artificially pumped up stock prices, giving banks and companies alike a free ride instead of forcing them into badly needed restructuring.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Puerto Rico Faces Hurricane Maria After Irma’s $1 Billion Damage
- The World’s Biggest Wealth Fund Hits $1 Trillion
- Finland’s Welfare State Has a Massive Baby Problem
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- Toys ‘R’ Us Collapses Into Bankruptcy Thanks to Crushing Debt