A Japanese Reformer With Kid Gloves
Japanese bank executives called it the reign of terror. It began when Hakuo Yanagisawa, 64, became financial reconstruction minister in December. He and a small army of lawyers and accountants grilled Tokyo's patrician bank presidents relentlessly about the true state of their loan books and hectored endlessly about restructuring. "He had a very harsh stance toward us," complains one executive at a major Tokyo trust bank.
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