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Unlocking the Bureaucrat's Kingdom
Deregulation and the Japanese Economy
Editors:
Publisher:
2010
Summary
Japan today is caught up in chronic economic crisis, its financial system wracked by record-breaking bankruptcies and its companies hobbled by bad balance sheets, overproduction, and weak consumer demand. In turn, Japan's faltering fortunes have sent shock waves across Asia, triggering the collapse of economies in South Korea, Thailand, and other Asian countries that followed its model for rapid growth and development. While a growing chorus of Japanese politicians, business leaders, and economic analysts blame the current troubles on the misguided policies of Japan's Ministry of Finance, the root of Japan's malaise lies more fundamentally in the contradictory relationship that first made it an economic powerhouse: the combination of businesses that aggressively compete for profits in the best tradition of free enterprise with a government bureaucracy that controls the economy with a heavy thicket of regulation and guidance. And so far, despite ringing declarations of reform, the entrenched bureaucracy shows little willingness -- or ability -- to make the significant reforms that Japan (and its Asian economic disciples) needs to recover. In this book, a cross-section of Japanese, American, and European journalists and authorities in the business, political, and economic sectors examine the problems caused by over-regulation, and offer solutions for reshaping the Japanese marketplace. In Part One, former Japanese Prime Minister Yasuhiro Nakasone, Vice Minister of Finance Eisuke Sakakibara, and some of America's and Japan's leading experts on the Japanese economy map out the long road to regulatory reform. They analyze the postwar origins of today's bureaucracy, current attitudes toward regulation among politicians and the public, and the changes in both policymaking and mind set that must occur to achieve true reform. Part Two focuses on the effects of over-regulation, using illuminating case studies involving Japan's financial system, insurance markets, non
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Bibliographic data
Copyright year
2010
ISBN-Print
978-0-8157-3126-9
ISBN-Online
978-0-8157-1988-5
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
282
Product type
Edited Book
Table of contents
ChapterPages
Contents No access
Foreword No access
Preface No access
Introduction No access Pages 1 - 16
1. From Wartime Controls to Postwar Recovery No access
2. Reforming the Catch-Up Economy No access
3. Politicians, Bureaucrats, and Policymaking in Japan No access
4. Deregulation in Japan and the United States: A Study in Contrasts No access
5. Deregulating Japan's Soul No access
6. Reform, Japanese-Style No access
7. Who Has Obstructed Reform? No access
8. Liberalizing Japan's Insurance Market No access
9. Between Bureaucrat and Buyer: Japan's Nonprofit Industry Groups No access
10. Bureaucrats in Business No access
11. The Land Factor: An Economic Disaster No access
12. The Making of Japan's Failed Land Policy No access
13. The Myth of Regulatory Independence in Japan No access
14. Japan's Financial System No access
15. Two Years after the Kobe Earthquake No access
Whither Deregulation? An Epilogue to Japan's Industrial Policy No access
