EIJS Working Papers Series
Competition Policy in the Japanese Banking Sector: Support Big Bang?
Abstract: While the recent “Big Bang” reform fundamentally aims at
enhancing market competition in the financial sector, the Japanese
competition authority, the Fair Trade Commission (FTC), seems to be rather
reluctant to participate in relevant discussions. The present paper focuses
on this aspect, relating the FTC’s reluctance to its traditional close
relationship with the Ministry of Finance (MoF). The paper examines the
structure of the relationship between the FTC and the MoF, considers its
reason on the side of the FTC from Pfeffer and Salancik’s “Resource
Dependence Perspective”, and discusses its effect on the recent “Big Bang”
reform. Its main argument is that the FTC – MoF link is beneficial not only
to the MoF but also to the FTC, and that this structure has yet to be
changed even after the FTC began to increase its performance.
Keywords: Japan; competition policy; bank; big bang; (follow links to similar papers)
JEL-Codes: H11; (follow links to similar papers)
16 pages, February 5, 2001
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