Reform and Deregulation of Financial Markets in Japan: Evolution of Law and Accounting Standards

Keiichi Kubota and Hitoshi Takehara
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Keiichi Kubota: Chuo University
Hitoshi Takehara: Waseda University

Chapter 2 in Reform and Price Discovery at the Tokyo Stock Exchange: From 1990 to 2012, 2015, pp 13-25 from Palgrave Macmillan

Abstract: Abstract In November 1996 Prime Minister Ryutaro Hashimoto proposed deregulating Japanese financial markets in banking, securities, and insurance. He called this movement the Japanese version of the “Big Bang,” an earlier deregulation effort by the United Kingdom government. In Chapter 2 we give an overview of recent developments in financial regulation, law, accounting standards, and TSE disclosure rules; we also highlighted the crucial items related to the empirical analyses in the next four chapters. For the reader who is not familiar with mechanisms of Japanese capital markets, the chapter provides a clear and comprehensive introduction to Japanese financial markets.

Keywords: Corporate Governance; Account Standard; International Financial Reporting Standard; Financial Instrument; Price Discovery (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-54039-3_2

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DOI: 10.1057/9781137540393_2

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