HongKongPhooey wrote:I think the comparison between Japan and Taiwan is a bad one. Taiwan's bad loan problem is no where near as grave as Japan's and Taiwan has been far more agressive in doing something about it. Basically, Taiwan is borrowing its strategy from the US, setting up an RTC-style fund to soak up the bad loans and shutting down problem banks. Japan only recently this past month -- by giving Heizo Takenaka the financial services portfolio -- acknowledged that public money would have to be spent, and they have yet to follow their words with actions.
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