Deregulation has been at the top of Japan's economic policy agenda for many years. Now, in the midst of a financial crisis that engulfs all of Asia, pressures on the Japanese government for substantial reform--coming from both inside and outside forces--are stronger than ever.

But is Japan actually making the changes necessary to reduce market controls, encourage competition, and create new opportunities for imports? To most outside observers, regulatory reform in Japan is an incomprehensible blur of grandiose proposals and byzantine political maneuvering, which masks developments that could be of tremendous significance to the world at large.

In this book, experts from the United States and Japan cut through the fog that surrounds Japanese regulatory reform. They review the characteristics of Japanese regulation and analyze the content of regulatory reforms proposed to date as well as the political dynamics that shaped them. The book also examines the nuts-and-bolts issues of reforms in major economic sectors and the implications of deregulation for access to Japanese markets for foreign imports. By focusing on both the larger political, economic, and strategic contexts and on the way in which the micro and macro aspects of regulatory reform are interconnected, this volume makes comprehensible the tidal wave of proposals and posturing coming out of Japan.

In addition to the editors, the contributors are Miyajima Hideaki, Elizabeth Norville, Kosuke Oyama, and Yul Sohn.

Lonny E. Carlile is an assistant professor of Japanese Studies in the Center for Japanese Studies/Department of Asian Studies at the University of Hawaii at Manoa. Mark C. Tilton is an associate professor in the Department of Political Science at Purdue University.

This study by one of Japan's foremost political scientists examines the unfolding relationship between the Liberal Democratic Party (LDP), the state, and the forces of industrialization in Japan from the 1950s through the 1980s. It is the only book in English to describe and analyze in detail Japan's political development during this critical period. Masumi argues that Japan's rapid economic growth was promoted by an "iron triangle" among three actors—the LDP, the bureaucracy, and big business. This growth fueled the enormous social changes of the 1960s and 1970s, which in turn forced the transformation of the "iron triangle" and the basis of party power. In a final chapter, Masumi reflects on the end of LDP rule in 1993. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1995.

This study by one of Japan's foremost political scientists examines the unfolding relationship between the Liberal Democratic Party (LDP), the state, and the forces of industrialization in Japan from the 1950s through the 1980s. It is the only book in English to describe and analyze in detail Japan's political development during this critical period. Masumi argues that Japan's rapid economic growth was promoted by an "iron triangle" among three actors—the LDP, the bureaucracy, and big business. This growth fueled the enormous social changes of the 1960s and 1970s, which in turn forced the transformation of the "iron triangle" and the basis of party power. In a final chapter, Masumi reflects on the end of LDP rule in 1993. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1995.