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Journal Article
Japan's financial reform
Journal Article
Financial reform: Japan style
Journal Article
Foreign financial institutions in Japan
Journal Article
A tale of two financial reforms
Journal Article
Postal savings in Japan and mortgage markets in the U.S.
Financial system redesign has become high political drama in Japan. In August, 2005, Prime Minister Koizumi's plan to privatize Japan's huge postal savings and life insurance system (PSS) was defeated in the Lower House of the Diet. Koizumi then retaliated by dissolving the Lower House and calling a "snap" election for September 11, 2005 in hopes of getting members of the Liberal Democratic Party (LDP) more supportive of his program into the legislature. This was essentially a showdown?an open confrontation between the "new" and the "old" LDP in an effort by Koizumi to reduce the ...
Conference Paper
Financial reform in Japan: a central banker's view
Conference Paper
Financial restructuring: the Japanese experience
Journal Article
Japan's new prime minister and the Postal Savings System
This Economic Letter discusses the economics and politics of the PSS from both a historical and a forward-looking perspective. How Japan deals with the PSS and its associated institutions will reveal much about whether Japan is capable of developing a modern financial system that can return the economy to sustained growth and that can meet the challenge of a rapidly changing population.