Word: katsuhito
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...business partners. This will perpetuate a pattern of cross-ownership between banks and affiliated companies that is one of the toxic hallmarks of the Japanese economy and a major impediment to meaningful reform. The practice of banks having their borrowers as shareholders practically guarantees conflicts of interest. "Unfortunately," says Katsuhito Sasajima, an analyst at UBS Warburg in Tokyo, "the cross-capital holding structure is proving to be a very hard habit to break...
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