Big Bang Reform Programme and After
In the early 1990s, the failure of government measures to revitalize the economy led to a loss of confidence in these packages. The aftermath of asset inflation revealed several problems in the regulatory framework, and it was suggested that Japanese authorities were committing the same policy mistakes as the US policy makers had done sometime back. Japan’s deposit guarantee system remains bimodal, makes little effort to impose discipline on depositors or shareholders and relies on a passive regulatory attitude.
KeywordsCentral Bank Banking Sector Japanese Economy Main Bank Security Company
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