The Fall of the 'Banks Never Fail' Myth, Part 3: Inside the Hyogo Bank Rescue
# Hyogo Bank# bad loans# deposit insurance# banking history
Key Points
- Toyo Keizai's series revisits the 1993 Hyogo Bank rebuild
- Ex-regulator Masateru Yoshida faced bad loans far beyond imagination
- BOJ Governor Mieno urged early resolution via deposit insurance
Analysis
Part 3 of Toyo Keizai's series on the collapse of Japan's bank-invincibility myth recounts ex-regulator Masateru Yoshida's 1993 mandate to rebuild Hyogo Bank—and his shock at its bad-loan reality. A timely read as rates rise and regional banks consolidate.