The Ministry of Finance and the Bank of Japan at the crossroads

Jennifer Amyx

doi:10.4324/9780203222256-4

The Ministry of Finance and the Bank of Japan at the crossroads

Jennifer Amyx^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

6 Citations (Scopus)

Abstract

Since the collapse of a speculative asset bubble in 1991, Japanese banks have been burdened with enormous amounts of non-performing loans. The failure of the Ministry of Finance (MOF) to tackle this problem aggressively had grave repercussions as macroeconomic policy mistakes sank the economy into prolonged recession and exacerbated the magnitude of bad bank loans. A fullblown financial crisis hit in 1997, following the collapse of the nation's tenth largest bank and the fourth largest securities firm, and continued until late 1998.

Original language	English
Title of host publication	Japanese Governance
Subtitle of host publication	Beyond Japan Inc.
Publisher	Taylor and Francis
Pages	55-76
Number of pages	22
ISBN (Electronic)	9781134407729
ISBN (Print)	9780203222256
DOIs	https://doi.org/10.4324/9780203222256-4
Publication status	Published - 1 Jan 2003
Externally published	Yes

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The Ministry of Finance and the Bank of Japan at the crossroads

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