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Reassessment of Japan's big bang financial regulatory reform
Bruce E. Aronson, A Reassessment of Japan's Big Bang Financial Regulatory Reform, in Imes Discussion Paper Series (Inst. for Monetary & Econ. Studies, Bank of Japan, Discussion Paper Ser. No. 2011-E-19, 2011).
This paper reassesses the results of Japan‘s financial deregulation over the last two decades. Japan‘s Big Bang sought to transform a highly regulated bank-centered financial system to a transparent, market-centered financial ...