JapanInc Surrends? May nationalise banks

[Taro Toporific]

Japan might nationalise banks
TOKYO - Japan's financial watchdog is set to unveil this week a set of rules for banks which if broken could lead to the partial nationalisation of some lenders, a spokeswoman says.
Breaking the rules would allow the Financial Services Agency to consider converting preference shares it holds in banks into ordinary shares with voting rights, effectively resulting in partial nationalisation.