Making progress

Basel II

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The decade-long struggle among Japanese banks to pull themselves out of the plague of crises that beset the sector in the 1990s has previously caused pundits to predict that the nation's financial services firms would be laggards among the Group of 10 countries in implementing Basel II. However, there are recent signs that Japan may be on track to have a Basel II framework in place on time after all.

Until recently, Japan watchers painted a bleak picture in which a weak macroeconomic backgrou

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