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Japan?s Financial Markets: The Lost Decade

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dc.creator Reszat, Beate
dc.date 2003
dc.date.accessioned 2013-10-16T07:03:22Z
dc.date.available 2013-10-16T07:03:22Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19172
dc.identifier ppn:364454016
dc.identifier RePEc:zbw:hwwadp:26335
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19172
dc.description Recent debates about the state of Japan's financial system focus on the weakness of Japanese banks. But, in the complex financial relations of an advanced economy bank finance cannot be seen separate from other forms of financial intermediation. Despite the reform efforts under the Big Bang program, financial markets in Japan show severe signs of malfunctioning, distortion and backwardness. The paper gives an overview of the current state of markets for money, bonds, equities and derivatives arguing that for reform to become successful measures to develop an entirely different market culture were needed. It calls for a redefinition of the role of interest groups in the financial intermediation process – including the role of government.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 231
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E58
dc.subject E62
dc.subject G10
dc.subject N25
dc.subject ddc:330
dc.subject Finanzmarkt
dc.subject Finanzintermediär
dc.subject Finanzsektor
dc.subject Wirtschaftliche Instabilität
dc.subject Bankenreform
dc.subject Japan
dc.title Japan?s Financial Markets: The Lost Decade
dc.type doc-type:workingPaper


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