The Japanese Banking Crisis of the 1990's : Sources and Lessons

Author/Editor:

Akihiro Kanaya ; David Woo

Publication Date:

January 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.

Series:

Working Paper No. 00/7

Subject:

English

Publication Date:

January 1, 2000

ISBN/ISSN:

9781451842401/1018-5941

Stock No:

WPIEA0072000

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

47

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