Japan ready to bail out banks
The Bank of Japan's governor, Masaru Hayami, crew comparisons to the situation of 3-4 years ago, when a meltdown in banking stocks - triggered by malpractice and bad debts - destroyed Yamaichi Securities.
That would not happen again, Mr Hayami said. "In the event of an unforeseen situation, we are fully prepared to help," he said. "We now have a safety net in place to help firms in
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