Few events in modern Japan’ s recent history have been anticipated with greater interest and expectation than the so-called "Big Bang" financial reforms that will come into effect next April.
Named after the restructuring of the securities industry that took place in London during the late 19g0s, these reforms are intended to revitalize not only Japan’ s securities industry, but the entire financial sector as well. In addition, they will open Japan to increased-and possibly severe-competition from foreign financial institutions, which will be able to compete in the Japanese domestic market on a level playing field for the first time.
Some foreign analysts are skeptical about the government’ s resolve to push through the kind of large-scale, targeted measures needed to reform Japan’ g ailing financial system. In contrast, the German-born Koll believes government officials are "dead serious about Big Bang."
"B
A. to restore vitality
B. to reconsider for further improvement
C. to return to a former stage
D. to attach importance
Few events in modern Japan’ s recent history have been anticipated with greater interest and expectation than the so-called "Big Bang" financial reforms that will come into effect next April.
Named after the restructuring of the securities industry that took place in London during the late 19g0s, these reforms are intended to revitalize not only Japan’ s securities industry, but the entire financial sector as well. In addition, they will open Japan to increased-and possibly severe-competition from foreign financial institutions, which will be able to compete in the Japanese domestic market on a level playing field for the first time.
Some foreign analysts are skeptical about the government’ s resolve to push through the kind of large-scale, targeted measures needed to reform Japan’ g ailing financial system. In contrast, the German-born Koll believes government officials are "dead serious about Big Bang."
"B
A. No other event than "Big Bang 1998" has been welcomed in modem Japan’s recent history.
B. Big Bang, which is to be competed by 2001, is a whole scale financial system reform.
C. According to Koll, Japan’s financial system reform is a transition towards the current financial system in the U. S..
D. According to Koll, Big Bang 2001 will bring a bright future to Japan.
Few words are more commonly used in our modern world than the word modern itself. The modernity of manufactured articles, of institutions, of attitudes, of works of art is constantly brought to our attention.
We ourselves may well be judged by whether we are modern or not; indeed, many people go to considerable lengths to make quite certain that they will be accepted as modern — modern in their dress, their behaviour, their beliefs. And yet, we may ask, must not earlier generations have felt precisely the same Surely men throughout history must have recognized themselves as modern. Surely innovators like Julius Caesar, Peter the Great or Oliver Cromwell saw themselves as breaking with the past, as establishing a new order. (Must they not also have shared our awareness of the significance of what is modern) What is modern is distinct from what belongs to the past and men in earlier times must have experienced this sense of distinctiveness. Men cannot escape, and neve
A. gave decisive commands in the past
B. destroyed the past when they saw it
C. realized they had not destroyed the past
D. were conscious of changing the course of history
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