90年代不況期の金融構造 : 住専処理と金融システムの不公正・不透明性を中心に(90年代の日本経済の構造分析,共同研究)

概要

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Changes in financial structure from the "bubble" period to the recession of the 1990s are analyzed in this paper. Changes in corporate finance had a particularly strong impact on the financial behavior of city banks and other banks. As a result, banks actively entered into the segment of the market which had been dominated by specialized housing loan companies (jusen), and this triggered the increase of bad loans accommodated by jusen. Taxpayers' money was used in disposing of jusen's bad loans. This process is determined to be symbolic of the unfairness and opaqueness of the Japanese financial market. Moreover, it has manifested itself in Japan's financial crisis. The government intends to ride out the crisis with a Japanese version of the Big Bang. However, it is concluded that, unless the fundamental problems of the Japanese political and economic systems are solved, no Big Bang is likely to ensure the fairness and transparency of the Japanese financial system.
日本大学の論文
1998-03-25