IMF seeks to monitor Japan bank system

JAPAN - The International Monetary Fund has asked Japan for permission to send inspectors to monitor the country's banking system, in the latest sign of mounting worries about the Asian economic power's stability.

Japan's Financial Services Agency so far has balked at the IMF's request, which is aimed at checking Japanese banks to ascertain the size of Japan's bad- loan program, an IMF official in Tokyo said. "We have made a formal request," IMF Asia and Pacific director Kunio Saito said. "So

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