The Main Bank System in Japan and the Crisis of the 1990s

Nikolai Naidenov
Authors registered in the RePEc Author Service: Nikolay Trifonov Naydenov ()

Economic Thought journal, 2004, issue 5, 72-90

Abstract: The main bank system (MBS) is analyzed in the paper in the context of the changes occurring therein after 1990. The peculiarities of the system before 1990 are concisely characterized and illustrated with data and the functions of the main bank (MB) are analyzed. The sources of the economic problems in the 1990s in Japan are outlined in the light of the changing relations between banks and large non-financial companies. The (mis)functioning of the traditional corporate governance mechanisms as regards the MB in Japan – the capital market, competition in the banking sector, and regulatory organs – is analyzed. New developments in the banking industry in Japan in the 1990s – liberalization of financial activity, changes in financial supervision, bank mergers and the emergence of new types of banks – are considered as having shaken the MBS, but not yet brought about its demise.

JEL-codes: G21 G34 P52 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ceeol.com/aspx/issuedetails.aspx?issuei ... e9-bed3-116602978b3f
Fee access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2004:i:5:p:72-90

Access Statistics for this article

More articles in Economic Thought journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().