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The Political Economy of the Japanese Financial Big Bang
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The Political Economy of the Japanese Financial Big Bang: Institutional Change in Finance and Public Policymaking

Tetsuro Toya and Jennifer A. Amyx


This book is a case study of structural reform in the Japanese financial sector. It adopts a novel approach, combining rational choice analysis from the field of political science with comparative institutional analysis from the field of economics. Its central hypothesis is that Japanese politics and policymaking have changed due to a combination of policy failures and scandals, as well as the emergence of the possibility of a change in government after 37 years of uninterrupted Liberal Democratic Party (LDP) rule. These factors are likely to affect other policy areas, meaning that decay in th ... More

Keywords: Japan, structural reform, Big Bang, financial sector, financial policy

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780199292394
Published to Oxford Scholarship Online: May 2006 DOI:10.1093/0199292396.001.0001


Affiliations are at time of print publication.

Tetsuro Toya, author
The late

Jennifer A. Amyx, editor
Author Webpage