{"id":36082,"date":"2008-03-26T16:35:41","date_gmt":"2008-03-26T21:35:41","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/u-s-officials-supportive-of-goj-s-recent-steps-on-bank-reform.html"},"modified":"2008-03-26T16:35:41","modified_gmt":"2008-03-26T21:35:41","slug":"u-s-officials-supportive-of-goj-s-recent-steps-on-bank-reform","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/law-library\/u-s-officials-supportive-of-goj-s-recent-steps-on-bank-reform.html","title":{"rendered":"U.S. Officials Supportive of GOJ&#8217;s Recent Steps on Bank Reform"},"content":{"rendered":"<section class=\"fl-gutenberg-byline\">\n    <div class=\"fl-gutenberg-byline-content\">\n                    <p><em>This article was edited and reviewed by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\" rel=\"noopener\">FindLaw Attorney Writers<\/a><\/em><\/p>\n\n                | Last reviewed\n        <time>\n                            May 07, 2026\n                    <\/time>\n    <\/div>\n\n    \n    <div class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-legally-reviewed\">\n        <h2>\n            <button tabindex=\"0\" aria-expanded=\"false\">\n                <i class=\"fl-gutenberg-byline-icon\"><\/i>\n                Legally Reviewed\n            <\/button>\n        <\/h2>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>This article has been written and reviewed for legal accuracy, clarity, and style by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\" rel=\"noopener\">FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with <a href=\"https:\/\/www.findlaw.com\/company\/company-history\/editorial-policy.html\" rel=\"noopener\">our editorial standards<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/div>\n\n    <div class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-fast-checked\">\n        <h2>\n            <button tabindex=\"0\" aria-expanded=\"false\">\n                <i class=\"fl-gutenberg-byline-icon\"><\/i>\n                Fact-Checked\n            <\/button>\n        <\/h2>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>The last updated date refers to the last time this article was reviewed by FindLaw or one of our <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/contributing-authors.html\" rel=\"noopener\">contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please <a href=\"https:\/\/lawyers.findlaw.com\/?fli=bylinelink\" rel=\"noopener\">contact an attorney in your area<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<div class=\"rxbodyfield\" xmlns:o=\"urn:www.microsoft.com\/office\" xmlns:st1=\"urn:www.microsoft.com\/smarttags\" xmlns:w=\"urn:www.microsoft.com\/word\" xmlns:x=\"urn:www.microsoft.com\/excel\">Over the last several weeks, U.S. officials have been generally supportive of recent initiatives proposed by Prime Minister Hashimoto (prior to his resignation) to aid the Japanese economy. This sentiment has developed following recent coordination by the United States and Japan to support the value of the yen and as the United States seeks to reassure Japan of the strong U.S.-Japan alliance in the wake of Clinton&#39;s high-profile visit to China.<p>After visiting China with President Clinton, Secretary of State Madeleine Albright traveled to Tokyo to meet with Foreign Minister Obuchi, who is presently considered the frontrunner to succeed Hashimoto. Albright expressed the U.S. belief that a positive relationship between the United States and China is also in the interest of Japan. At the same time, she stated that the United States is encouraged by Japan&#39;s plan for banking reform.<\/p><p>Other senior U.S. officials seem pleased with the GOJ&#39;s plans for a &quot;bridge bank&quot; to address the current banking situation, which U.S. officials have been calling for since the spring. Treasury Secretary Robert Rubin has stressed the importance of quick action. Rubin has called on Japanese authorities &quot;to translate this approach [ie, the bridge bank] into concrete actions that will dispose of the burden of bad assets on the system.&quot; Deputy Treasury Secretary Lawrence Summers has echoed these comments and renewed U.S. pressure on Japan for &quot;strong and sustained fiscal policies to promote growth.&quot;<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Over the last several weeks, U.S. officials have been generally supportive of recent initiatives proposed by Prime Minister Hashimoto (prior to his resignation) to aid the Japanese economy. This sentiment has developed following recent coordination &#8230;<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_categories":[6510,6497],"class_list":["post-36082","corporate","type-corporate","status-publish","hentry","corporate_categories-law-library__immigration-law","corporate_categories-law-library"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate\/36082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=36082"}],"wp:term":[{"taxonomy":"corporate_categories","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_categories?post=36082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}