Japanese financial system

Author: (Japanese) Kano Yoshiaki
Publisher:
Publishing Date: 2003-10-01
Features: This book is divided into three parts, totaling twenty chapters. Part "Changes in the Financial Environment and Financial Institutions" serves as the general introduction, including six chapters. In the first chapter, from the perspectives of financial transactions and financial institutions, an overview of the characteristics of Japan's financial organizations is provided. Subsequently, the significance of external financial environment changes such as liberalization, informatization, and globalization, as well as their impact on Japan's financial institutional reforms, are explored. In the second chapter, the regulatory environment that restricts competitive behavior in Japan's financial transactions is first elaborated, followed by an explanation of recent financial innovations, financial institutional reforms, and the trends of Japan's "financial big bang." The third chapter primarily introduces the structure of Japan's major settlement systems, including the significance of settlement systems as a critical foundation supporting a country's economic activities, the characteristics of Japan's settlement systems, recent reforms in settlement systems, and the current status of the Bank of Japan's settlement system. Next, in the fourth chapter, the evolution of Japan's bank regulatory system is reviewed, and in the fifth chapter, the reasons for the delay in handling non-performing loans, the impact of non-performing loan issues on the operational conditions of financial institutions, and the framework for handling bankrupt financial institutions are introduced. In the sixth chapter, from an international comparative perspective, the characteristics of Japan's financial institutions are discussed, and the author's personal views on the functions and features of Japan's distinctive financial systems, such as the main bank system, are elaborated.
In the second part, "Financial Markets," in addition to introducing the trading conditions in traditional financial markets such as the short-term market (Chapter 8), the securities market (Chapter 9), and the foreign exchange market (Chapter 10), it also covers the trading of financial derivatives, including swaps, options, and futures, as well as the latest dynamics in asset liquidity and securitization (Chapter 11). The second part particularly focuses on the trading conditions in the bond market and stock market after Japan's "financial big bang."
The third part, "Financial Organizations," examines the structure of Japan's........