Speech by Shigemitsu Sugisaki of the IMF, 24 July

- Central Banking staff
- 15 Aug 2002

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SPEECH - In a speech titled 'The U.S. and Japan in the Global Economic System' Sugisaki said "Japan's decade-long economic slump owes much to the delays in implementing structural reform, particularly bank and corporate debt restructuring". He added "there's little prospect for a strong recovery unless those reforms are accelerated".

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Remarks by Shigemitsu Sugisaki, Deputy Managing Director of the International

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