Revised Bank of Japan Law passed

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• Princes of the Yen whole source · open book

  In June 1997, a revised Bank of Japan Law was passed, which became effective in April 1998. This finally gave the Bank of Japan what it had been struggling to gain for half a century—independence from MoF, and, for good measure, from anyone else (more on this in chapter 18).

  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 4 stories

• Big Bang Japan: the Ministry of Finance loses power step 9
• Paper money, central banks, and credit creation step 53
• Princes of the Yen: Japan built, bubbled, and broken step 259
• The Bank of Japan's window-guidance machine step 57

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