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Experts on the Japanese economy examine Japan's prolonged period of economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration.

Economic order --- Japan --- Recessions --- -Monetary policy --- -Finance --- -339.50952 --- Funding --- Funds --- Economics --- Currency question --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Business cycles --- Depressions --- -Economic conditions --- -Recessions --- Monetary policy --- Finance --- Economic conditions --- Electronic books. -- local. --- Finance -- Japan. --- Japan -- Economic conditions -- 20th century. --- Japan -- Economic policy -- 20th century. --- Monetary policy -- Japan. --- Recessions -- Japan. --- Economic Theory --- Business & Economics --- -Electronic books. -- local. --- -Economic order --- Nihon --- Nippon --- Iapōnia --- Zhāpān --- I︠A︡ponii︠a︡ --- Yapan --- Japon --- Japão --- Japam --- Mư̄ang Yīpun --- Prathēt Yīpun --- Yīpun --- Jih-pen --- Riben --- Government of Japan --- 日本 --- 日本国 --- Nipponkoku --- Nippon-koku --- Nihonkoku --- Nihon-koku --- State of Japan --- Япония --- Japani --- اليابان --- al-Yābān --- يابان --- Yābān --- Japonsko --- Giappone --- Japonia --- Japonya --- ECONOMICS/Political Economy --- ECONOMICS/International Economics --- Jepun --- Yapon --- Yapon Ulus --- I︠A︡pon --- Япон --- I︠A︡pon Uls --- Япон Улс

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Annotation Japan's financial institutions and policy underwent remarkable change in the past decade. 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 regulatory financial institutions, and an independent central bank. These reforms have taken place amid recession and rising unemployment, collapsing asset prices, a looming banking crisis, and the lowest interest rates in the industrial world. 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. It documents the sources of the Japanese economic stagnation of the 1990s, the causes of the financial crisis, the slow and initially limited policy response to banking problems, and the reform program that followed. It also evaluates the new financial structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from conducting monetary policy in a zero-interest rate environment characterized by a "liquidity trap" to managing consolidation in the Japanese banking sector against the backdrop of increasing international competition.

-Banks and banking, Central --- -332.110952 --- Finance --- Banks and banking, Central --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- 332.110952 --- 333.111.0 --- 333.846.0 --- 336.61 --- JP / Japan - Japon --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Financieel beleid --- ECONOMICS/Finance --- ECONOMICS/International Economics --- ECONOMICS/Macroeconomics