Transition Failure

Yasushi Suzuki

Chapter 7 in Japan’s Financial Slump, 2011, pp 174-194 from Palgrave Macmillan

Abstract: Abstract This chapter looks at a number of deeper questions that follow from the discussion in earlier chapters. These questions relate to the nature of the transition through which the Japanese financial system was going in the period under discussion. Clearly, there had been problems in the Japanese financial structure before the reforms began, but it is also clear that the reforms left many questions unanswered and that the appropriateness of these reforms for Japan could also be called into question. The broad question we want to raise, if only to explore the types of answers that may be relevant, is why this particular strategy of reform was chosen. In particular, we face a number of critical and quite puzzling questions.

Keywords: Transition Failure; Banking Industry; Credit Risk; Informal Institution; Transition Cost (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30770-4_7

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DOI: 10.1057/9780230307704_7

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