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Table of contents

  1. Front Matter
    Pages i-xxii
  2. Mitsuhiko Nakano
    Pages 141-175
  3. Mitsuhiko Nakano
    Pages 177-180
  4. Back Matter
    Pages 181-184

About this book

Introduction

This book explores the challenges faced by the Japanese economy and the Japanese banking industry following the financial crisis that emerged around the turn of the last millennium. The author explores how the Japanese financial crisis of the late 1990s engendered huge restructuring efforts in the banking industry, which eventually led to even more sweeping changes of the economic system and long-term deflation in the 2000s. The discussion begins with an overview of the unconventional monetary policy launched by the Bank of Japan at this time, while banking administrative policies maintained their strict code of governance. The author describes how, just as recovery seemed possible, the twin disasters of the Lehman shock and the Great East Japan Earthquake buffeted the recovering economy, and pushed Japan again into deflation. The book also looks to the very recent past, with the sudden advent of Abenomics in 2013, with its three-pronged approach, which was intended to break the deflationary mindset. Finally, the author projects what the future of the banking industry in Japan might encompass, as looming demographic changes gradually threaten both the economy and the banking industry.

Keywords

Bubble Economy Banking Supervision Policy Restructuring Quantitative Monetary Easing Policy Duration Effect The Lehman Shock Qualitative Monetary Easing Policy the East Japan Great Earthquake Abenomics banking economy finance financial crisis Japan management

Authors and affiliations

  • Mitsuhiko Nakano
    • 1
  1. 1.Momoyama Gakuin University (St. Andrew’s University)OsakaJapan

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-54118-5
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-54117-8
  • Online ISBN 978-1-137-54118-5
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking