With Japan’s economic problems having the potential to wreak havoc on a global scale, Japan’s banks must haul themselves out of a hole of their own making, reports Anthony Rowley in Tokyo.

Kalo Rao in Mumbai reports on the latest and most difficult phase of banking reform facing the Indian government.

The recent wave of banking mergers will create some of the largest banks in the world. They also reveal a determination to compete at a world-class level.