This book analyzes how the bank-dominated Financial system--a key element of the oft-heralded Japanese economic model--broke down in the 1990s and spawned sweeping reforms.
The country began the 1990s with a heavily regulated Financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang Financial market reform, a complete restructuring of its regulat.
Japan\'s Financial institutions and Policy underwent remarkable change in the past decade.
This book analyzes how the bank-dominated Financial system--a key element of the oft-heralded Japanese economic model--broke down in the 1990s and spawned sweeping reforms