He was laughing when he said it, and the audience laughed too, but there was a hint of steel behind senator Kotaro Tamura’s accusation that the Japanese banks have been shown to be chickens, rather than wise men, by recent events. There are many financial institutions worldwide that would admit that their good health owes more to fortune or innate caution than any inkling of a premonition of the present predicament, yet Tamura singled out the Japanese megabanks as being particularly over-cautious and lucky.
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