The measures are intended to make Japan's banks thrive or fail by market discipline.

But the harsher reaction this time seems to reflect growing market discipline and scrutiny here.

"And the threat of a bank run is a powerful source of market discipline."

The measures are intended to allow the banks to thrive or fail by market discipline.

"The President is trying to get deposit insurance back in line with market discipline."

Congress recently passed amendments to the federal pension law that added a degree of market discipline.

These are the same companies that the Republicans say will bring "market discipline" to healthcare.

"The matter of encouraging more market discipline is very much a factor in risk-based capital," he said.

As such this pillar by itself is believed will enhance the role of market discipline in financial markets.

This mechanism is not a charm that we can put on the wall to ward off market discipline.