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Identifier to cite or link to this item: https://hdl.handle.net/10086/13912

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Title
Banking in Japan: Will "Too Big To Fail" Prevail?
Creator
Creator Name
Rixtel, Adrian van Rixtel, Adrian van
Affiliation
Affiliation Name
European Central Bank
Creator Name
Wiwattanakantang, Yupana Wiwattanakantang, Yupana
ウィワッタナカンタン, ユパナ ウィワッタナカンタン, ユパナ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Souma, Toshiyuki Souma, Toshiyuki
相馬, 利行 相馬, 利行
Affiliation
Affiliation Name
Kyoto Gakuen University
Creator Name
Suzuki, Kazunori Suzuki, Kazunori
スズキ, カズノリ スズキ, カズノリ
Affiliation
Affiliation Name
Chuo University
Editor
Contributor Name
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
Key Word
Too big to fail
Banking crisis
Japan
JEL
G21
G33
G38
Abstract
This paper reviews the evolution of the Japanese banking sector and the development of the banking crisis in Japan in the context of "too big to fail." It describes the deterioration of the Japanese financial sector caused by the bad loan problems and the failure of policymakers to get a grip on the underlying problems. Even at the start of the new century, Japanese policymakers still continue to struggle to find the right policy response to tackle the banking problems and how to avoid moral hazard behavior intertwined with "too big to fail" concerns. The increasing concentration in the Japanese banking industry, which is now dominated by five huge financial conglomerates, should make it more difficult to definitely end "too big to fail" in Japanese prudential policy. In this respect, we believe that the "too big to fail" policy in Japan will prevail.
Description
This paper is forthcoming in Too-Big-Too-Fail: Policies and Practices in Government Bailouts, edited by Benton Gup and to be published by Quorum Books in 2003.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2002-12
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CEI Working Paper Series ; No. 2002-16
Relation
Related Identifier
URI
  http://cei.ier.hit-u.ac.jp/index.html
NCID
AA11590659
Number of Pages
54
Appears in Collections
CEI Working Paper Series
URL
https://hdl.handle.net/10086/13912