The Ministry of Finance: Bureaucratic Practices and the Transformation of the Japanese Economy

Front Cover
Bloomsbury Academic, Jan 30, 1999 - Business & Economics - 288 pages

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.

From inside the book

 

Contents

Overthrowing the Past
1
Inside the Ministry of Finance
17
The Ministry of Finance and the Private Sector
32
Copyright

14 other sections not shown

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The Ministry of Finance: Bureaucratic Practices and the Transformation of ...
J. Robert Brown
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accept administrative vice minister Agency agricultural cooperatives amakudari approach approval authority bailout Bank of Japan Banking Bureau banks and securities became become bonds Budget Bureau bureaucrats career officials city banks commercial banks consensus consumption tax crisis Daiwa Bank decision deficit deposits developed Diet director disclosure economic efforts expertise faction failure finance minister financial institutions financial markets Fukuda Hayato Ikeda Ikeda increase influence interest rates issue Japanese banks jusen kacho matters merger Ministry officials MoF officials MOF's Moreover Nakasone National Tax Agency negotiations Nishimura Nomura Nonetheless occurred Ohira opposition particularly party political politicians position postwar financial system postwar system practice prime minister problem promotions reaucrats reform regulators regulatory represented responsibility result retired officials role Saito SCAP Secretariat Securities Bureau securities companies securities firms securities industry sogo spending Sumita Takemura Tanaka Tax Bureau Tokyo Tokyo Stock Exchange trading losses zaibatsu

References to this book

About the author (1999)

J. ROBERT BROWN, JR. is a Professor of Law at the University of Denver College of Law. Before joining the faculty, he practiced law in Washington, DC in both private practice and with the Securities and Exchange Commission. He has written a number of books and articles on the financial markets of Japan and the states of the former Soviet Union.

Bibliographic information

TitleThe Ministry of Finance: Bureaucratic Practices and the Transformation of the Japanese Economy
AuthorJ. Robert Brown
Editionillustrated
PublisherBloomsbury Academic, 1999
Original fromthe University of California
DigitizedAug 28, 2008
ISBN1567202306, 9781567202304
Length288 pages
Subjects ›  › 

Business & Economics / General
Business & Economics / International / General
  
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