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Japan's financial system has undergone dramatic shifts in the last few years. The domestic banking system has come under heavy strain, due to the bad loan burden created by the collapse of the 1980s' bubble. And the government has attempted to deregulate the sector, through the so-called Big Bang reforms. These two shifts have created unprecedented opportunity for foreign financial groups, stimulated the capital markets, and transformed Japan's financial landscape. But will this foreign success continue? And can Japan now create a truly healthy and competitive financial system?
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