IMF Says Japan's Financial System at 'Crossroad'

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Aug. 2 (Bloomberg) -- Udaibir Das, an assistant director at the Monetary and Capital Markets Department of the International Monetary Fund, talks about Japan's financial system and the nation's economy. Japanese banks are placing the financial system at risk by putting too much of their money in government bonds, the IMF said in its Financial System Stability Assessment report released yesterday, echoing comments by Bank of Japan Governor Masaaki Shirakawa. Das speaks with Bloomberg Television's Aika Nanao. (Source: Bloomberg)