Japan’s Financial Services Minister Offers Advice for U.S.

From the Financial Times: US can learn from Japan’s crisis The US should inject public funds into its financial system, which is undergoing a worse crisis than that experienced by Japan during its non-performing loan crisis, according to Japan’s financial services minister.“It is essential [for the US] to understand that given Japan’s lesson, public fund injection [into the financial sector] is unavoidable,” Yoshimi Watanabe told the Financial Times…..
Original Source: feeds.feedburner.com/CalculatedRisk

  24 March, 2008| housingblogs | @ 0:38

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