Crisis and Change in the Japanese Financial System

Abstract

Contributors. Preface. 1. The Japanese Financial System: An Introductory Overview T. Hoshi, H. Patrick. Part I: The Origins of Japan's Banking Crisis. 2. What Caused Japan's Banking Crisis? T.F. Cargill. 3. Causes of Japan's Banking Problems in the 1990s K. Ueda. Part II: Responding to Crisis. 4. The Stagnant Japanese Economy in the 1990s: The Need for Financial Supervision to Restore Sustained Growth T. Ito. 5. The Reorganization of Japan's Financial Bureaucracy: The Politics of Bureaucratic Structure and Blame Avoidance N. Hiwatari. 6. The Disposal of Bad Loans in Japan: The Case of the CCPC F. Packer. 7. Bank Lending in Japan: Its Determinants and Macroeconomic Implications K. Ogawa, S.-I. Kitasaka. 8. The Postal Savings System, Fiscal Investment and Loan Program, and Modernization of Japan's Financial System T.F. Cargill, N. Yoshino. Part III: Financial Structure Change and the Big Bang. 9. The Big Bang: Idea and Reality A. Horiuchi. 10. The Big Bang in Japanese Securities Markets S. Royama. 11. Japan's Financial Big Bang: Its Impact on the Legal System and Corporate Governance H. Kanda. 12. Big Bang Deregulation and Japanese Corporate Governance: A Survey of the Issues M.S. Gibson. Subject Index.