Financial Times FT.com

US belatedly learns lesson from Japan

By Gillian Tett

Published: May 8 2009 18:47 | Last updated: May 8 2009 18:47

In recent months, Japan’s sorry banking history has provided the world with plenty of reasons to worry about America. Now, however, it might offer a crumb of comfort, too.

The reason? In part, it lies with those stress tests that Washington has just conducted on its largest 19 banks.

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