Fraying Nerves In Tokyo

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.

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