The Financial System of Japan: A New View

Royama Shoichi

Japanese Economy, 1988, vol. 16, issue 3, 76-97

Abstract: Today, extremely important structural changes are taking place in finance. They are progressing not only in Japan but also simultaneously in many advanced countries as well as in the international financial system. There have been changes in the demand structure in many financial markets, changes in the supply conditions of financial services owing to the progress in communication and information technology, and, further, reform or relaxation of the regulatory system that has been prompted by these changes. It appears that these changes have exerted an enormous impact on the functions of the financial system and led to changes in the interrelationship between the financial and real sides of national economies.

Date: 1988
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DOI: 10.2753/JES1097-203X160376

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