首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Few events in modern Japan’ s recent history have been anticipated with greater interest and expectation than the so-called "Bi
Few events in modern Japan’ s recent history have been anticipated with greater interest and expectation than the so-called "Bi
admin
2013-01-25
45
问题
Few events in modern Japan’ s recent history have been anticipated with greater interest and expectation than the so-called "Big Bang" financial reforms that will come into effect next April.
Named after the restructuring of the securities industry that took place in London during the late 19g0s, these reforms are intended to revitalize not only Japan’ s securities industry, but the entire financial sector as well. In addition, they will open Japan to increased-and possibly severe-competition from foreign financial institutions, which will be able to compete in the Japanese domestic market on a level playing field for the first time.
Some foreign analysts are skeptical about the government’ s resolve to push through the kind of large-scale, targeted measures needed to reform Japan’ g ailing financial system. In contrast, the German-born Koll believes government officials are "dead serious about Big Bang."
"Big Bang will restore Japan’s entire financial system." he says. "And although it takes its name from the London reforms of the late 1980s, it is in fact much bigger and far more comprehensive than what occurred in London," he adds.
The London reforms, he points out, consolidated only the securities industry, bringing together brokers, jobbers, price makers and others, Japan’s Big Bang, on the other hand, focuses not just on the securities industry but on banks, life insurance companies and public financial institutions.
"By the year 2001, Japan’ s financial system will resemble very closely the current financial system in the U. S." Koll explains. "The entire financial system is becoming Anglo-American."
Big Bang, which is to be completed by 2001, includes reforms that would allow financial institutions to further cuter one another’ s business spheres and reduce a wide range of restrictions limiting free and open competition. The most dramatic developments are expected to take place in asset management and securities trading.
For example, under a deregulation timetable established last July, securities companies ale now permitted to marked cash management accounts that offer dealing in securities along with banking and checking services. Next April, banks will be allowed to offer mutual funds. The climax will come ill April 2001 , when full liberalization takes effect, including, most numbly, the introduction of insurance products by banks.
Reforming Japan’ s financial system has been in the air since the early 1980s. Some critics have complained that previous efforts have slow, frequently fragmented by low political resolve and largely unsatisfactory to foreign financial institutions seeking greater market access in Japan. But the current mood, as Koll points out, is dead serious, focused arid motivated.
The risk for Japanese financial institutions from Big Bang reforms is that about a third of them will not exist in their current form by the year 2001, Koll warns. "There will be massive restructuring through mergers and holding companies and through bankruptcies. But those that survive will be stronger, more focused and better able to compete in the global financial market."
"So the bottom line is that the opportunities will outweigh the risks and Big Bang could be a big boom for Japanese financial institutions," he concludes.
The subject of the passage is ______.
选项
A、Japan’ s Big Bang
B、London’ s Big gang
C、Financial problems in Japan
D、Deregulation of Japan’ s financial restrictions
答案
A
解析
文章显然讲述的重点是选项A。
转载请注明原文地址:https://jikaoti.com/ti/CqqYFFFM
0
考博英语
相关试题推荐
Althoughitisonlyasmallbusiness,its____issurprisinglyhigh.
Myfatherhasbeenonthe_____inthisfactoryfornearly20years.
TheUniversityintransformation,editedbyAustralianfuturistsSohailInayatullahandJenniferGidley,presentssome20highly
Justoverayearago,Ifoolishlylockedupmybicycleoutsidemyoffice,butforgottoremovethepannier.WhenIreturned,the
ForumfortheFuture,workingwithTescoandUnilever,reckonthatby2022whatwebuy,howwebuyitandwhofromwillhavechange
_______alwaysexistsbetweenthetheoreticaldeductionandtheresultofexperimentation.
BackinSeattle,aroundthecornerfromtheDiscoveryInstitute,StephenMeyerofferssomepeer-reviewedevidencethattheretruly
Inhislecture,theeducationexpertemphasizedthefactthatnowadayschildrenareexposedtomanyinfluences_____thatoftheir
Dogsaresocialanimalsandwithoutpropertraining,theywillbehavelikewildanimals.Theywillspoilyourhouse,destroyyo
ThoughonemayquestionthedegreetowhichtheCivilWarrepresentsamilestoneinwomen’spursuitofsocial,economic,andpol
随机试题
房屋产权面积由()登记确权认定。
下列不是重要设备的是( )。
下列合同中,债权人不得将合同的权利全部或部分转让给第三人的有()。
竖转施工主要适用于转体重量不大的()。
导游人员在带团旅游过程中,必须既按照一视同仁的原则,又要兼顾不同成员的个体差异和特殊需要,开展个性化的导游服务。()
①弹性分析方法是众多分析方法中研究产业吸纳能力的基本方法②由此可以看出,文化创意产业弹性系数最大,对就业的吸纳能力最强,这和北京市不断调整经济结构、充分利用文化资源优势以及对文化创意产业的重视程度相关③北京文化创意产业开辟了大量的就业空间,为各层次的人
关系表中的每一横行称为一个()。
[Recalls]Easy-BakeOvensCompany:Easy-Bake,adivisionofHasbroInc.Why?Youngchildrencaninserttheirhandsintotheoven
______manmustfearwhentravelinginspaceisradiationfromthesun.
PASSAGEFOURWhatistheauthor’sattitudetowardsstandardizedtesting?
最新回复
(
0
)