Ishihara plans to start new bank
Japan Today 10am April 14
Tokyo Gov Shintaro Ishihara... "The Tokyo metropolitan government must create a new bank to change the Japanese financial system." ...one of Ishihara's aides remarked, "The new Tokyo Municipal Bank will handle all businesses run by the Tokyo metropolitan government including lottery businesses. Also, in the future, it will deal with bonds issued by financial institutions or the metropolitan government.
"If this new bank is established, mega-size banks will no longer be necessary. Mizuho Bank..."