This paper describes the transmission of the recent financial crisis to Japan and compares the monetary policy reactions by the Bank of Japan (BoJ) with those during the 1990s, and with reactions by other major central banks. The paper first reviews the recent literature on the origins and...

This paper describes and compares the regulation and supervision of banks in Japan and Germany. We have chosen these countries because they have both bank-dominated financial systems and belong to the same law tradition, yet, bank stability differs significantly. We ask to what extent these...

Measured by the size of their respective currency areas, the Bank of Japan and Eurosystem both belong to the most important central banks in the world. Though they have many institutional features in common and conduct monetary policy almost in similar ways, there are still important...