The Political Economy of the Japanese Financial Big Bang

The Political Economy of the Japanese Financial Big Bang
Author :
Publisher : Oxford University Press
Total Pages : 349
Release :
ISBN-10 : 9780199292394
ISBN-13 : 0199292396
Rating : 4/5 (396 Downloads)
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Book Synopsis The Political Economy of the Japanese Financial Big Bang by : Tetsuro Toya

Download or read book The Political Economy of the Japanese Financial Big Bang written by Tetsuro Toya and published by Oxford University Press. This book was released on 2006-04-06 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book emphasizes change over continuity in Japanese policymaking. It argues that Japan's Big Bang financial reforms emerged out of a policymaking process that deviated radically from past patterns. Performance failures, scandals and fluidity in party politics led the Ministry of Finance to promote reforms that otherwise would have been opposed.


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In 1996, the Japanese government introduced a policy package initiating massive deregulation and liberalization in the nation's financial sector, referred to as