Commentary: Nag, Nag, Nag. What Else Can Bob Rubin Do?

What's a Treasury Secretary to do? Robert E. Rubin has all but begged Japan to clean up its troubled banking system and stimulate its economy with tax cuts. Most recently, he warned on July 7 that Japanese officials must enact "strong and sustained fiscal stimulus" to "get out of the morass that they've been in." In June, against his initial instincts, he even helped engineer a massive purchase of yen to halt its slide.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.