Big Bang financial deregulation conceded

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• Princes of the Yen whole source · open book

  By late 1996, MoF had lost the battle for regulation policy, having to concede a full-blown deregulation of the financial sector, known as the “Big Bang.” This abolished the license system, one of MoF’s main power bases.

  chapter: 15. Back to the Future: The Return of U.S.-Style Capitalism

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• Richard Werner author of the source

Appears in 3 stories

• Big Bang Japan: the Ministry of Finance loses power step 5
• Princes of the Yen: Japan built, bubbled, and broken step 246
• The Bank of Japan's window-guidance machine step 53

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