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
115
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.
London’s Big Bang and Japan’s Big Bang ______.
选项
A、are closely related with each other
B、have only a little relation ship with each other
C、are same in quality
D、am same in results
答案
B
解析
由文章的叙述可知,Japan’s Big Bang只是沿用了London’s Big Bang的名字,事实上它将"much bigger and far more comprehensive than what occurred in London"。故选项B正解。
转载请注明原文地址:https://www.kaotiyun.com/show/v11O777K
0
考博英语
相关试题推荐
Hedoesn’tseemtobeableto_____anyinterestinhisstudies.
Therecenteconomiccrisishasbroughtabouta____inworldtrade.
Hewasinterestedonlyinthestoryandskippedallthosepassagesoflandscapedescription.
Afterinvestigationitwasprovedthatthe_______letterwaswrittenbyateacher.
Ifyouconsiderthisproblem____others’interest,youmaychangeyourview.
Therelationshipbetweenformaleducationandeconomicgrowthinpoorcountriesiswidelymisunderstoodbyeconomistsandpoliti
Therearehiddenfactorswhichscientistscall"feedbackmechanisms".Nooneknowsquitehowtheywillinteractwiththechangin
Oneofthemostauthoritativevoicesspeakingtoustodayisthevoiceoftheadvertisers.Itsstridentclamourdominatesourli
Oneofthemostauthoritativevoicesspeakingtoustodayisthevoiceoftheadvertisers.Itsstridentclamourdominatesourli
Dogsaresocialanimalsandwithoutpropertraining,theywillbehavelikewildanimals.Theywillspoilyourhouse,destroyyo
随机试题
如Excel数据表所示,下列功能中,可使成绩单中只显示“项目二”成绩高于85分的运动员的是()。
Chinaisoneoftheearliestcradlesofcivilizationandthevisittothisancientcivilizationhaslongbeenmydream.
浆细胞合成和分泌的免疫球蛋白包括
患者平素眩晕,耳鸣。突然发生口舌歪斜,舌强语謇,半身不遂,但其神志清楚,舌红,脉弦滑。治疗应首选()
细菌对β-内酰胺类抗生素产生耐药的机制是( )。
【背景资料】某综合楼工程,地下3层,地上20层,地基基础设计等级为甲级,灌注桩筏板基础,主体为现浇钢筋混凝土框架-剪力墙结构,建设单位与施工单位按照相关规定签订了施工合同,约定施工过程中部分材料由建设单位采购。施工过程中发生如下事件:
一段易风化、裂隙和节理发育、坡面不平整的岩石挖方边坡采用喷射混凝土防护,除此之外还可采用的效果较好的防护工程是()。
设有编号1,2,3,4,5的五个球和编号1,2,3,4,5的五个盒子,现将5个球投入这五个盒子内,要求每个盒子放一个球,并且恰好有两个球的编号与盒子的编号相同,有多少投法?
下列有关公文知识的表述,正确的是()。
[2012年第46题]葡萄酒中含有白藜芦醇和类黄酮等对心脏有益的抗氧化剂。一项新研究表明,白藜芦醇能防止骨质疏松和肌肉萎缩。由此,有关研究人员推断,那些长时间在国际空间站或者宇宙飞船上的宇航员或许可以补充一下白藜芦醇。以下哪项如果为真.最能支持上述研究人员
最新回复
(
0
)