Change at Japanese regulator welcomed by reformers

JAPAN - The Japanese government on Thursday named Shokichi Takagi as head of the Financial Services Agency - a surprise move that raised hopes of a more radical approach by the supervisory body to the bad debt problem plaguing Japanese banks.

Mr Takagi, 54, will replace Shoji Mori, whom many analysts - particularly foreign - blamed for what they saw as the agency's timid approach to forcing banks to address the non-performing loan issue. Tsunekazu Haraguchi, head of planning, had been widely t