HOME > NATION > Article

Text Size

small

medium

large


Noted Economist Ikeo Dies at 68

Noted Economist Ikeo Dies at 68

   Tokyo, Feb. 23 (Jiji Press)--Noted economist Kazuhito Ikeo, who made valuable proposals as Japan combated its banking system crisis in the late 1990s, died of cancer at his Tokyo home Sunday. He was 68.
   Ikeo, a native of the western city of Kyoto, gained a doctorate in economics at Kyoto University in 1987 before becoming professor at Keio University.
   In the 1990s, he proposed Japanese "Big Bang" sweeping financial system reforms including drastic deregulation.
   Ikeo was also one of the key proponents of public fund injections to recapitalize banks to help them write off bad loans that ballooned after a massive asset bubble collapsed in the early 1990s.
   As the banking system crisis deepened, he publicized the concept of prompt corrective action, under which financial regulators order banks to improve their business as soon as their capital-to-asset ratios fall below acceptable levels.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Suga Urges Ministers to Boost Efforts for Achieving Gender-Equal Goals
ECONOMY
Govt to Push Back Deadline for "Go To Eat" Point Use to End-June
SPORTS
Govt Considering Ways to Allow Foreign Pro Sports Players' Entry into Japan
OTHER
Tokyo Sees 290 New Coronavirus Cases

AFP-JIJI PRESS NEWS JOURNAL


Photos