2006 Fiscal Year Final Research Report Summary
Management Action of Financial Institution under Economic Environmental Sudden Change
| Project/Area Number |
15530226
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Senshu University |
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Principal Investigator |
KOFUJI Yasuo Senshu University, School of Commerce, Professor, 商学部, 教授 (60142832)
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| Project Period (FY) |
2003 – 2006
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| Keywords | Bad Loans Problem / DCF-Method / Deffered tax asset / Financial Congromarit / Relationship Banking / Financial Reproduction Program / Financial Reform Program / Market Discipline |
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| Research Abstract |
This research analyzes the financial administration in prime minister Koizumi's age (2001 April-2006 September). It is roughly divided into two. One is Financial Reproduction Program by financial minister Heizo Takenaka, and another one is Financial Reform Program by financial minister Tatsuya Ito.
The financial administration by Heizo Takenaka is analyzed in the first half. He started positively solving the bad-loan problems of major banks. He tried to solve the bad loan problems of the bank while using "accounting techniques", which were DEF-method and deffered tax asset. Starting with "accounting techniques, major banks worked on the bad loans problem. In the result, the financial conditions of major banks were improved. However, the problems remained in such a approach, too. Therefore, it is examined whether Mr. Takenaka's method was correct in the first half.
Next, the financial administration by Tatsuya Ito is analyzed in the second half. His main themes were main banks' financial congromarite and relationship banking by regional financial institutions. However, it is extremely difficult to achieve those themes. Because confusion will be brought if they are executed. This research clarifies theoretically and empirically that it is difficult to execute Mr. Ito's reform in the latter half.
After all, Confusion is only caused when the government moves. The result achieved for this research is that private financial institutions should move according to the market discipline.
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