Impact of Lower Interest Rate Ceilings on the Lending Market

  • Haruhiko TsuzukiEmail author
  • Yusuke Miyoshi
Part of the New Frontiers in Regional Science: Asian Perspectives book series (NFRSASIPER, volume 18)


In Japan’s lending market, our empirical results show that when the supply curve is sloping downward and the demand is excessive, the reduction of the interest rate ceiling causes the social surplus to increase, therefore such a policy can be considered socially desirable.



In preparing this paper, we received a research grant from a Grants-in-Aid for Scientific Research (KAKENHI:26380466) and the Murata Science Foundation. Thank you very much for taking this opportunity.


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© Springer Nature Singapore Pte Ltd. 2017

Authors and Affiliations

  1. 1.Saga UniversitySagaJapan
  2. 2.Kagawa UniversityTakamatsuJapan

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