Printer Friendly
The Free Library
19,588,385 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Business leaders welcome draft of priority economic reforms.


TOKYO, Sept. 21 Kyodo

Business leaders have welcomed a draft package of priority reforms adopted by a key government panel Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
 as a step toward resolving Japan's economic woes.

Takashi Takashi is a Japanese given name.

People named Takashi include:
  • Takashi Amano
  • Takashi Aonishi
  • Takashi Asahina
  • Takashi Fujii
  • Takashi Hagino
  • Takashi Hara
  • Takashi Hasegawa
  • Takashi Hashiguchi
  • Takashi Hayase
  • Takashi Hikino
 Imai, chairman of the Federation of Economic Organizations (Keidanren), and other leaders praised the package proposed by the Council on Economic and Fiscal Policy particularly for its focus on steps to accelerate the disposal of bad loans, including promoting the sale of nonperforming loans to the state-run Resolution and Collection Corp.

However, they called on the government to clarify the proposed measures for accelerating the disposal of bad loans, the biggest stumbling block stumĀ·bling block
n.
An obstacle or impediment.


stumbling block
Noun

any obstacle that prevents something from taking place or progressing

Noun 1.
 to the nation's economic recovery.

Yotaro Kobayashi Yotaro Kobayashi, born April 1933 in England, is chairman of the Fuji Xerox company of Tokyo, Japan. He is also Pacific Asia chairman of the Trilateral Commission.

He was educated at Keio University and the Wharton School at the University of Pennsylvania, graduating in 1956
, chairman of the Japan Association of Corporate Executives (Keizai Doyukai), cited a proposal for the Financial Services Agency The Financial Services Agency is a Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. The agency reports to the Minister of Financial Services.  to conduct special inspections of major banks when their borrowers' credit ratings are downgraded or their stock prices plunge, saying it is unclear how tough such inspections will be.

Aside from the bad loan problem, Imai said the package is timely because it prioritizes job security amid Japan's highly uncertain economic state.
COPYRIGHT 2001 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Weekly Monitor
Date:Sep 24, 2001
Words:180
Previous Article:Moody's downgrades ratings on Daiei.
Next Article:Gov't panel adopts priority reforms, focus on bad loans.



Related Articles
ASEAN set to urge Japan for real financial reform
LEGISLATORS URGE PRESIDENT ERNESTO ZEDILLO TO INTRODUCE LABOR-CODE REFORMS IN NEXT LEGISLATIVE SESSION
Draft ODA policy outline prioritizes E. Asia.
Panel to propose 3% cut in public works spending.
Panel to propose opening markets to boost economy.
APEC ministers to approve structural reform plans.
APEC to adopt action plan to spur structural reform.
Federal election form guide: Part 2: Mark Latham has set the scene for a strong contest on environmental issues in this federal election year.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles