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Further Reforms of the JGB Market for the Promotion of Regional Bond Markets

S. Ghon Rhee

No 2001-14, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University

Pages: 32 pages
Date: 2001-09
Note: This paper was presented at the conference on Designing Financial Systems in East Asia and Japan: Toward a Twenty-First Century Paradigm. This two-day conference was co-organized by the International Monetary Fund and the CEI. It was held during September 24-25, 2001 at Hitotsubashi Memorial Hall in Tokyo, Japan. A select group of academics, researchers and policy makers from around the world gathered to examine the timely issue of how the financial systems and corporate governance in East Asia and Japan should be redesigned in order to achieve sustainable economic development. The conference included six sessions with 17 papers. All the presented papers were added to the CEI series of working papers. The series, as well as the contents of the conference, can be reached at http://cei.ier.hit-u.ac.jp., First Draft: March 2000; Revised: January 2001; Revised: May 2001; Revised: June 2001; Revised: October 2001, This is a revised and updated version of an earlier paper entitled, "Further Reforms after the "BIG BANG": The Japanese Government Bond Market," presented at the 2000 ADBI/OECD Workshop on Capital Markets Reforms in Tokyo, Japan, April 11-12, 2000. The earlier version this paper has been published in Bond Market Development in Asia (Paris, France: Organization for Economic Co-Operation and Development, 2001).
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