Commentary: Making Japan's Bank Crisis Worse

Japan's pork-barrel specialists in the LDP have only tired ideas that won't work

In Japanese finance these days, it's tough to figure out which is scarier--the looming possibility that a collapsing stock market will trigger a new bank crisis or the half-baked solutions politicians and regulators alike are throwing out. Unfortunately, the way things are going, both the crisis and the solutions could do lasting damage to a very sick economy.

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