Japan's Banking Difficulties: Causes and Implications

Japan's Banking Difficulties: Causes and Implications

- Speaker: Hugh Patrick, Professor, Columbia University

- Date : May 28, 1996.

"The long-term objective of any effective financial system must combine competitive financial markets; adequate incentives for depositors, borrowers and bankers like; adequate prudential supervision to ensure deposit safety; and transparency. It is my impression that Korea, like Japan, has a long way to go to achieve this set of goals...”