Speech by US Treasury Secretary Paul O'Neill

SPEECH - In a sign of growing U.S. alarm over the state of Japan's economy, US Treasury Secretary Paul O'Neill scrapped the Bush administration's no-lecture policy toward the Japanese government and said "decisive actions" are needed to return Japan to growth and shore up its debt-ridden banks.

Speech by Paul O'Neill, US Secretary of the Treasury at the National Press Center, Tokyo, Japan, 23 January.

UNLOCKING THE JAPANESE REAL ECONOMY

It is a pleasure to be here today. As many of you may know, I

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