Word: ogawa
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Dates: during 1990-1999
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...show on the country's economic woes--bad debt, creeping unemployment, collapsing banks and businesses--featuring a series of film clips in which top politicians and bureaucrats kept insisting that there would be no bank failures and that the economy was recovering, even growing. "The subtext," says Alicia Ogawa, an American-born banker who has lived in Japan for more than a decade, "was that you couldn't possibly believe a thing these people said...
...also implicating unnamed senior executives at the bank--the world's 13th largest--in a conspiracy with him to keep the catastrophe secret from the U.S. Federal Reserve Board. In London interbank lending rates jumped to reflect this latest blow to the Japanese banking system. Says Alicia Ogawa, an analyst at Salomon Brothers in Tokyo: "This new development serves only to increase distrust of Japanese banks...