The political economy of the Japanese financial big bang: institutional change in finance and public policy making (Record no. 295408)

MARC details
000 -LEADER
fixed length control field 02575 a2200217 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140323b2006 xxu||||| |||| 00| 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780199292394
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.10952
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Toya, Tetsuro
9 (RLIN) 63802
245 ## - TITLE STATEMENT
Title The political economy of the Japanese financial big bang: institutional change in finance and public policy making
Statement of responsibility, etc. Toya, Tetsuro
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Oxford
Name of publisher, distributor, etc. Oxford University Press
Date of publication, distribution, etc. 2006
300 ## - PHYSICAL DESCRIPTION
Extent xix, 328 p.
365 ## - TRADE PRICE
Price amount UKP 45.00
520 ## - SUMMARY, ETC.
Summary, etc. In 1996, the Japanese government introduced a policy package initiating massive deregulation and liberalization in the nation's financial sector, referred to as Japan's financial 'Big Bang.' This book argues that the emergence of the Big Bang Initiative poses numerous challenges to conventional interpretations of Japanese politics and represents a clear case of institutional change in Japanese finance. Whereas many observers stress continuity in Japanese politics, this book argues that the emergence in the 1990s of performance failures and scandals attributed to the bureaucracy, as well as the increase in the likelihood of a change in government in this period, led policymaking patterns surrounding the Big Bang to differ radically from those dominating public policymaking in the past. These developments led to change in the nature of the alliance between the ruling Liberal Democratic Party (LDP) and the Ministry of Finance (MOF), to a shift in priorities within the MOF, and to a heightened role for the public in policymaking. The result was that the MOF, long perceived as 'entrenched' and seeking to maximize tangible tokens of organizational power, became more than willing to launch the Big Bang, despite the fact that these reforms would strip the ministry of many of its regulatory tools and sever the ministry's close ties with the financial sector. The book also argues that these new developments prevented financial industry actors from forestalling these reforms, as they had done in the past with other reforms similarly threatening the viability of weaker firms. The findings reveal that not only politicians, but also bureaucrats and interest groups, have reasons to pursue public support to enhance their respective political influence. Consequently, well-organized groups do not always prevail over the unorganized public.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Finance - Japan
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Financial institutions - Deregulation - Japan
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Japan - Economic policy - 1989
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Amyx, Jennifer
Relator term Editor
9 (RLIN) 66956
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from Koha item type
    Dewey Decimal Classification     Ahmedabad Ahmedabad   04/05/2009   332.10952 T6P6 161278 04/09/2009 04/09/2009 Book

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