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...

Financial Policy and Central Banking in Japan -- Contents -- Preface -- Introduction -- The NCC's? Unprecedented Economic and Financial Distress -- The New Financial Supervision and Regulatory Framework -- Inflation Targetingx Liquidity Trapsx and the New Bank of Japan -- Challenges Facing...

The Political Economy of Japanese Monetary Policy -- Contents -- Acknowledgments -- The Political Economy of Japanese Monetary Policy -- Introduction -- The Evolution of Central Banking in Japan, up to the 1950s -- Phases of Japan s Monetary- Policy Experience -- Exchange Rates, Policy...