noun
convoy system; Japanese economic policy of preventing weaker financial institutions from failing
A metaphor from naval convoys, referring to a regulatory approach where the government protects weaker banks or firms to maintain systemic stability, often associated with Japan's post-war financial administration.
護送船団方式は、日本の金融行政の特徴の一つとされる。
The convoy system is considered one of the characteristics of Japan's financial administration.
バブル崩壊後、護送船団方式の限界が指摘された。
After the bubble burst, the limitations of the convoy system were pointed out.