CHRONOLOGY

2003	Banking Crisis contained under BoJ + FSA co-operation and Takenaka manages the IMF FSAP successfully
2001	Ex MoF Yanagisawa fails to postpone IMF FSAP and manage FSA warehousing of MoF's NPL roll forward

 

GLOSSARY

FSAP Japan	IMF Financial System Assessment Programme	highly unwelcome FSA competency audit cf Article IV, maladministration
FSAP Japan 2003	Article IV Consultations or IMF country surveillance	Heizo Takenaka's work ensured that the NPL disclosure threat was averted
Article IV	IMF regular financial overview FSAP	saga of the crucial FSAP Japan 2003 cf maladministration, FSAP Japan