- MoF’s responsibilities included all aspects of financial institution supervision: examination of financial firms, control of interest rates and products, supervision of the deposit protection scheme, setting the rules on activities to be undertaken by financial firms
- Bank of Japan was responsible for the implementation of monetary policy, but under the influence of MoF
- High protected market
- Japanese companies largely dependant on banks’ loans
- Internaional Banking - Prof. G. Vento
Japan’s Big Bang (1996) - Internaional Banking - Prof. G. Vento
- City banks. The city banks are the largest banks in the Japanese banking system and account for over 50% of total banking sector assets.
- They are commercial banks that offer a full range of banking services.
- Regional banks. Focused on retail financial services and SMEs.
- The majority of regional banks are publicly quoted
- Internaional Banking - Prof. G. Vento
Private deposit-taking institutions - Trust banks and long-term credit banks.
- Trust banks perform commercial banking activity but their main function is asset management for retail and other customers. Japanese households place funds to these banks, which they invest on clients’ behalf.
- Long-term credit banks provide medium- and long- term finance to the corporate sector.
- Cooperative banks. They play a major role in the Japanese banking system.
- Internaional Banking - Prof. G. Vento
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