This book investigates recent changes in Japan's financial system
and looks at the implications for Japan's particularistic model of
political economy. Drawing on the latest theoretical research, it
seeks to determine how Japan's experience resembles patterns which
many scholars in the West have associated with financial
globalization as a powerful force for conveyance. The book sets out
the background and examines the progression of financial
deregulation in Japan, culminating in the Big Bang programme of
financial reform set in motion in November 1996. It analyses
developments in the financial sector to gauge the extent to which
Japanese financial institutions are falling into line with emerging
norms of organization and strategic management. It also examines
the implications for the corporate and household sectors stemming
from the government and financial sectors' partial embrace of
financial globalization.
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