Amidst all their other problems, just how well prepared are Japanese financial institutions for the millennium computer bug? After more than a year of debate and the odd testy exchange between banking officials and information officers across the Pacific some real evidence could soon be at hand.
If the Tokyo fixed-interest markets open at all on December 21 it will be at least a partial vindication of Japanese bankers’ and regulators’ confidence in the face of mounting criticism from counterparts in the US.
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