Takenaka woos banks over his reform plans

JAPAN - Heizo Takenaka, Japan's economics and financial services minister, continued a frantic round of diplomacy yesterday as he sought to secure the backing of bankers and politicians for his plan to revive the financial sector before its release this week.

The newly-appointed banking tsar held his third emergency meeting with the leaders of Japan's seven largest banks in an attempt to placate them, although it is understood the meeting - like the two previous gatherings - did not go well, t