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Shinsei Bank and Japan's Foreign-Capital Allergy.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Tani Sadafumi
Shinsei Bank, corporate successor to the bankrupt Long-Term Credit Bank of Japan (LTCB), listed its shares on the first section of the Tokyo Stock Exchange in mid-February. Investors were impressed with the bank's low level of non-performing loans (NPLs) and high capital adequacy ratio, allowing the issue to post a strong opening price of \872. Shinsei Bank ranks sixth in aggregated market value among Japanese banks after Resona Holdings, with over \1 trillion. Shinsei means "newly born" in Japanese, and in the five years and four months since the collapse of the LTCB, the name ...
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