| BUSINESSWEEK ONLINE : OCTOBER 18, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- FINANCE
The Man... Michio Ochi, 70, Japan's new top bank regulator, is a political insider married to a daughter of late Prime Minister Takeo Fukuda. Once a Finance Ministry official, he helped craft last year's $570 billion bank bailout. ...And His Mission FIX about 30 failed or nationalized small banks before open-ended government deposit insurance is capped in April, 2001. PROP UP life insurers that can't generate enough investment profits to pay out on claims and that are facing policy cancellations. SELL Nippon Credit Bank, which has $28 billion in dud loans. An inside deal favoring a local player could lead foreigners to dump bank shares. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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RELATED ITEMS Will There Still Be Real Reform in Japan? (int'l edition) TABLE: The Man...And His Mission INTERACT E-Mail to Business Week Online | |||
