经济贸易篇Item 28

The latest government package contains a key plan for banks to sell bad loans after two or three years time. The move is seen as vital to lifting Japan from a decade of economic malaise. Gary Evans, strategist at HSBC in Tokyo, says the market is reacting to both the government's strategy and its plan for economic reform. “The government has now decided the overall vision in seven different areas, the ministers have to go off and come up with specific proposals ready to go to the Diet session that starts in the Fall. That’s not the way it’s been done in Japan in the past it’ll be much more ad hoc. This is at least a process where we can see what’s going on.”