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The effort to stabilise the financial system in Japan- an outline and the characteristics of the programme for financial revival

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  • Yoichi Matsubayashi

Abstract

This Working Paper provides an overview of the Programme for Financial Revival announced in October 2002 in Japan. The programme aimed to dramatically reduce the large amount of non-performing loans that remained until the end of the 1990s. In addition to solving the problem of bad loans, the Programme for Financial Revival aimed to build a strong financial system. For this purpose, the programme comprised three pillars- 1) creation of...

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  • Yoichi Matsubayashi, 2015. "The effort to stabilise the financial system in Japan- an outline and the characteristics of the programme for financial revival," Bruegel Working Papers 874, Bruegel.
    • Handle: RePEc:bre:wpaper:874
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    1. Hoggarth, Glenn & Reis, Ricardo & Saporta, Victoria, 2002. "Costs of banking system instability: Some empirical evidence," Journal of Banking & Finance, Elsevier, vol. 26(5), pages 825-855, May.
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    1. J. Boeckx & P. Butzen & N. Cordemans & S. Ide, 2015. "Deflation in Japan, Abenomics and lessons for the euro area," Economic Review, National Bank of Belgium, issue i, pages 100-124, June.

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