With the possible exception of France, no major industrialised country has been slower than Japan in privatising its industries.
But now the process is finally under way, there is a new question. Which banks will benefit from this wholesale restructuring of some of Japan’s key industries?
Only one thing is entirely clear: the companies involved face ti difficult period of adjusting their funding methods as they are shoved out of the government nest.
At the end of the Second World War, Japanese industries ‘could hardly lift a finger without consulting the Ministry of International Trade and Industry.
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