Introduction: A mere decade ago Japan’s financial system, and especially its banking system, was not only the largest … securities companies were the world’s largest; and its life and casualty insurance companies were likewise huge. Banks had ample … country. Today presents a completely different picture. Japan’s financial system is weak and in disarray. Banks no longer rank …

execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. Their … consider theoretical arguments and empirical evidence for each topic discussed. Topics covered include Japan's low inflation … central banking; Japan's "bubble economy" of the 1980s; and the causes, magnitude, and regulatory responses to Japan's banking …

Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s … structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from …