JAPANESE GIVE THE CHOP TO FORMER ALLIES
The close-knit relationship between Japanese corporations and their main banks is showing signs of collapse. Dealing banks are being sacked by their foremr dependents in increasing numbers.
The contributing factor behind the startling change to the framework of Japanese industrial society is financial deregulation. Japanese business corporations have been gaining access to a broader range of financial instruments and funding opportunities in the world capital market. They have also sharpened their skills in treasury management and improved their efficiency in international cash management.
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