Interview No Bank Is Too Big To Fail
NEWSWEEK: Your new post has been called “high-risk, high- reward.” Agree? TAKENAKA: If we expect high return in the economy, the government also should take some risk. Since I used to be a university professor, I’d like to use an economic term: the cost of adjustment. Liquidity will be needed. As factors of production like capital, labor and technology move to other areas, friction will occur. But through this process the potential power of our economy will increase....