| Budget Amount *help |
¥1,600,000 (Direct Cost: ¥1,600,000)
Fiscal Year 2006: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 2005: ¥900,000 (Direct Cost: ¥900,000)
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| Research Abstract |
After the bubble, Japanese financial institutions, mainly banking sector have become sound superficially by outside supports from the public fund injection of Japanese Government and the low-interest policy of Bank of Japan. However, from the view point of some recent researches results, some problems still remain. In this paper, we first summarize some theoretical researches results on "Comparative Financial System" and the efficiency of renegotiation, after then we consider a change of the Japanese financial system accompanied by a change of the recent Japanese economy. Past public fund injections have ignored the issue of responsibility of the financial institution managers. Such posture of regulatory authorities may lead to an inefficiency of the whole system, and reinforcement of the governance structure for the authorities is asked.
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