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To: John Hunt who wrote (16099)	8/1/1998 7:34:00 AM
From: John Hunt	Read Replies (2) of 18056

Japan Feared to Be Wavering on Tough Overhaul of Banks washingtonpost.com << After several weeks of brave talk about how they would aggressively tackle Japan's banking woes, the nation's chief economic policymakers are now talking up the advantages of a "soft landing." And that is raising concern among some financial experts that Japan may be shying away from the tough measures needed to resolve its economic crisis. Keizo Obuchi, the new prime minister, and Kiichi Miyazawa, the new finance minister, agreed at a meeting this week that their goal was to avoid a "hard landing," according to Japanese news reports. "Anyone can achieve a hard landing," Miyazawa was quoted as telling Obuchi. In a like vein, Kaoru Yosano, the new minister of international trade and industry, told Reuters Television today that he opposed forcing large banks to close. "We must avoid applying stringent conditions that make banks fail," he said. "We must not make banks which are too large fail." >> The Achilles' heel strikes again.

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