Introduction: A mere decade ago Japan’s financial system, and especially its banking system, was not only the largest … but the strongest in the world. Nine of the world’s top ten banks in asset size were Japanese; the Big Four Japanese … country. Today presents a completely different picture. Japan’s financial system is weak and in disarray. Banks no longer rank …

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 … effects of policies and institutions in shaping the modern Japanese economy. The authors present basic themes and recent …

structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from …Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s …--a key element of the oft-heralded "Japanese economic model"--broke down in the 1990s and spawned sweeping reforms. It …