The Government and the Financial System: an Overview

Kazuhito Ikeo and Yasuo Goto
Additional contact information
Kazuhito Ikeo: Professor, Faculty of Economic, Keio University
Yasuo Goto: Senior Economist, Mitsubishi Research Institute, Inc.

Public Policy Review, 2006, vol. 2, issue 1, 97-140

Abstract: This paper surveys the relationship between the government and the financial system in Japan, mainly from the viewpoint of financial stocks, to gain an overall perspective and identify where any problems lie. During this decade, it seems that the relationship between the government and the financial system in Japan has changed significantly. The government has generally become more deeply involved in the financial system. As a result it is no exaggeration to say that current Japanese financial system has become "a financial system of the government, by the government, for the government." This was for the most part, promoted by the fact that there occurred a huge redistribution of wealth during the realignment process after the bursting of the bubble economy. Considering such circumstances, the aspects of "of the government," "by the government," and "for the government" will be surveyed in turn. Furthermore, postal system privatization will be discussed in terms of public debt management. Lastly, reference will be made to the possible problems accompanying the change in trend of investment-savings balances.

Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://warp.ndl.go.jp/info:ndljp/pid/9908001/www.m ... w/ppr002/ppr002d.pdf (application/pdf)

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:mof:journl:ppr002d

Access Statistics for this article

More articles in Public Policy Review from Policy Research Institute, Ministry of Finance Japan Contact information at EDIRC.
Bibliographic data for series maintained by Policy Research Institute ().