In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Takatoshi investigate the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. Their emphasis is on the period since the collapse of the...

Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang financial market reform, a complete restructuring of...

This paper examines the current status of deposit guarantees in Japan and how they have functioned during the burst of the bubble economy in the first half of the 1990s. During this period, the Ministry of Finance has had to depart from its "no failure" policy and declare depository institutions...