TOKYO — Economists churn out mountains of reports on what China must learn from Japan’s decades of policy failure. This week, Beijing flipped the script with plans to merge hundreds of rural lenders with US$6.7 trillion of assets. The last 12 months have been humbling for analysts predicting the Bank of Japan would end quantitative […]
China shows Japan the way to tackle rural bank risks
Beijing to merge rural lenders with $6.7 trillion of assets to prevent the type of backwater banking crisis now stalking Japan