Staff writer

Mild-mannered Japanese -- who not so long ago gave little thought to where their money was placed -- now face the nasty possibility of losing a portion of their nest eggs as the "Big Bang" of financial deregulation leads to failures and mergers left and right.

This is the kind of situation that regulators have been racking their brains to avert for the past year, the end product to be various items of legislation currently being prepared for submission to the upcoming Diet session that convenes later this month.