EDITORIAL ·
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Another banking crisis on the cards as Japan lenders get squeezed

THE propensity of bankers and others who inhabit the realms of "high finance" to repeat past mistakes exceeds that of even ordinary mortals, it often seems. Successive financial crises in Latin America, Asia and elsewhere in which bankers (using other people's money) got their fingers badly burnt through imprudent lending bears ample witness to this fact.

Japanese bankers are by no means immune from such folly and in recent decades they too have been badly burned or "squeezed" by funding crises in...

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