Chapter

The Financial Industry and the Big Bang

Tetsuro Toya and Jennifer Amyx

in The Political Economy of the Japanese Financial Big Bang

Published in print March 2006 | ISBN: 9780199292394
Published online May 2006 | e-ISBN: 9780191603525 | DOI: http://dx.doi.org/10.1093/0199292396.003.0006
 The Financial Industry and the Big Bang

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This chapter analyzes the process in which the initiative of November 1996 was embodied and implemented. The Big Bang is compared to three cases of past financial reforms (1991-93, 1992-94, and 1979-82) to assess the extent of change the Big Bang has brought about. The focus is on the influence of regulated industry actors — the economic ‘losers’ from the Big Bang — on public policymaking. The influence they had on the outcome as well as their inability to reverse the Big Bang reforms are assessed.

Keywords: Japan; Big Bang; financial reform; economic reform

Chapter.  13694 words. 

Subjects: Business and Management

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