Or not, as the case may be: reforming Japan's Finance Ministry.

From: The Economist (US) | Date: August 10, 1996 | Copyright information

Japan's Finance Ministry is considered to be too powerful a bureaucracy, but a government committee's recommendations to break up its duties were quashed at the last minute by the Liberal Democratic Party. Monetary policy and financial-institution regulation should be overseen by independent agencies.

TOKYO

NEVER underestimate the denizens of Japan's Ministry of Finance-or the self- interest of Japanese politicians. At the beginning of this year, it seemed that the world's most powerful bureaucratic institution was on the brink of being broken up. For the past seven months, the ...

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