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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BigShoulders who wrote (17876)	3/19/1998 9:42:00 AM
From: Clarksterh	Respond to of 70976

BS - Thanks for the article. However, I'll believe it when I see it. I think that they will indeed allow foreign companies to come in and compete, but it is much less likely that they will do anything that will cause companies to immediately become insolvent and fail. (e.g. implimenting a more open accounting system.) The reason is simple. The Japanese are very consensus and status/face driven, but they are confident that they can compete against the gaijin. So, to them an opening market is nowhere near as big a threat as allowing banks to fail. The quote from the latest finance minister says it all - 'No more banks will be allowed to fail'. Thanks again for the article and friendly debate in this thread which has recently become a killing ground. Clark