| Budget Amount *help |
¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
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| Outline of Final Research Achievements |
We investigate the lending behavior of Japanese banks under the Basel capital standards, with a focus on the effects of the discretionary policies made by Japanese financial authorities to help Japanese banks raise their capital ratios. Using a simultaneous equations model, we examine how each component of the risk-based capital ratio affected the lending decisions made by Japanese banks. The results reveal the influence of each component of the risk-based capital ratio: latent capital gains, subordinated debt, disposal of non-performing loans, public capital injections, and deferred tax assets. Overall, Japan’s discretionary policies were effective in increasing lending by Japanese banks.
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