The Ministry of Finance: Bureaucratic Practices and the Transformation of the Japanese Economy (Google eBook)

Front Cover
Greenwood Publishing Group, Jan 1, 1999 - Business & Economics - 273 pages
0 Reviews

Japan's economy, once the envy of the world, has recently experienced a period of malaise and stagnation. This is due in part to over-regulation and resistance to change within the Japanese bureaucracy. Many argue that this bureaucracy must be replaced with a system similar to that in the United States, involving ruthless competition, fluid job markets unhindered by notions of lifetime employment, tolerance of business failures, and the elevation of conflict over consensus in economic decision making. The author argues that not only will the bureaucracy, in the form of the Ministry of Finance, retain its position, it will also evolve to be more consistent with the transformed economic system allowing the Japanese economy to recover and retain its important role in the global economy.

The book details the history of the Ministry of Finance and Japan's financial markets since World War II. It describes the economic crisis in Asia and Japan's attempts to transform its bureaucracy to better compete in the global arena. Economists, business practitioners, trade specialists, and anyone interested in Japan's role in the world economy will find this lucid and detailed book an invaluable resource.

  

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Overthrowing the Past
1
Bureaucratic Practices
15
Inside the Ministry of Finance
17
The Ministry of Finance and the Private Sector
32
Management of the Financial Markets
47
The Postwar Financial System
49
The End of the Postwar Financial System
60
Too Close for Comfort The Securities Bureau and the Securities Industry
71
The Political Role of Bureaucrats
160
The Bureaucratic Role of Politicians
171
The Forms of Political Intervention Cooperation Consensus and Conflict
181
The National Interest Politicians Bureaucrats and the Consumption Tax
193
Reform
213
The Inevitability of Administrative Reform
215
Retribution and Reform
222
The Endgame Transforming the Ministry of Finance
229

Bailout The Banking Bureau and the Banking Industry
93
The Problem of Informal Relations The Daiwa Bank Scandal
112
Lessons Learned Secrecy and the Bailout of the Jusen
129
Bureaucrats Politicians and the Budget
147
The Budget and the Bureaucracy
149
Notes
245
Interviews
255
Bibliography
259
Index
263
Copyright

Common terms and phrases

References to this book

All Book Search results »

Bibliographic information