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The Gaijin Stumble in Japanese Banking
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The Gaijin Stumble in Japanese Banking

Our Correspondent
Dec 12, 2008
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The Gaijin Stumble in Japanese Banking
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The scenario may sound familiar. A Japanese bank announces another net loss and the chief executive resigns to take responsibility. His successor, a 79-year-old Japanese in a gray suit, pledges a return “to the basics of the banking business” and to pay more attention to risk.

But there is nothing commonplace about either the bank or its departing CEO. S…

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