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Financial Crisis and Bank Management in Japan (1997 to 2016)

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This book explores the challenges faced by the Japanese economy and the Japanese banking industry following the financial crisis that emerged around the turn of the last millennium. The author explores how the Japanese financial crisis of the late 1990s engendered huge restructuring efforts in the banking industry, which eventually led to even more sweeping changes of the economic system and long-term deflation in the 2000s. The discussion begins with an overview of the unconventional monetary policy launched by the Bank of Japan at this time, while banking administrative policies maintained their strict code of governance. The author describes how, just as recovery seemed possible, the twin disasters of the Lehman shock and the Great East Japan Earthquake buffeted the recovering economy, and pushed Japan again into deflation. The book also looks to the very recent past, with the sudden advent of Abenomics in 2013, with its three-pronged approach, which was intended to break the deflationary mindset. Finally, the author projects what the future of the banking industry in Japan might encompass, as looming demographic changes gradually threaten both the economy and the banking industry.

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Detail Information

Series Title

Palgrave Macmillan Studies in Banking and Financial Institutions

Call Number

-

Publisher

Palgrave Macmillan London : Palgrave Macmillan London., 2016

Collation

XXII, 184

Language

English

ISBN/ISSN

978-1-137-54118-5

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

-

Edition

-

Subject(s)

Asian Economics

Specific Detail Info

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Statement of Responsibility

Mitsuhiko Nakano

Other Information

Cataloger

Jemadi

Source

https://link.springer.com/content/pdf/10.1057/978-1-137-54118-5.pdf?pdf=button

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