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Jul 31, 1997

Riding the Wave

Big Bang or Small Pop?

'This time we mean business,' was the message from the Japanese government as it announced its package of deregulatory measures for the financial sector in mid-June. Collectively known as Big Bang, the reforms aim to remove barriers and promote competition in a lackluster sector long built upon cosy relationships rather than efficiency. By using the term Big Bang the LDP government is hoping to draw parallels with the reforms made in the City of London in 1986, which were widely credited with

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