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Periodic Essay
Postal savings reform in Northeast Asia: Japan and South Korea
This issue of the Asia Focus is the first of a two-part series discussing recent developments affecting postal savings programs in Japan, South Korea, and China. Part One of the series reviews the historical underpinnings of the Japanese and South Korean postal savings programs and discusses recent reform efforts and current challenges. Part Two of the series will describe the development of the Chinese postal savings program and will provide a comparison of all three postal savings programs.
Periodic Essay
Vietnams banking sector
Each year, the President of the Federal Reserve Bank of San Francisco (FRBSF) travels on a fact-finding trip to Asia. These trips advance two of the Banks broad objectives: serving as a repository of expertise on economic, banking, and financial issues relating to the Pacific Rim and building ties with policymakers and economic officials there. The knowledge gained and the contacts developed during these trips provide valuable input to understanding trends affecting the Twelfth District, carrying out responsibilities in banking supervision, and conducting monetary policy and promoting the ...