Is Japan Really Changing Its Ways?: Regulatory Reform and the Japanese Economy
Author: Lonny E. Carlile, Mark Tilton
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ISBN: 081571291X
Publisher: The Brookings Institution (November, 1998)
Sales Rank: 212,487
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Basic text on Regulatory reform in Japan
The 1990s of Japan is labled as the lost decade. if one faces the impediment, he should try to overcome it. Jpanaese government has tried various measures from deficit budget, which amounts ro over 110% of GDP now, to regulatroy reform or deregulation. regulatory reform has been around the world since late 1970s. Japanese one seems not that different from others. But it's been implemented in peacemeal. this book is intended to explain the reason. there are numorous books on Japanese regulatory reform in the 1990s. but as far as I know this is one of two book available in English on the market. the other was also published by Brooking Institute. but they are different in the scope and targets. this book aimed at explaining regulatory reform process in Japan in somewhat broad political context, while 'Unlocking Bureacrats Kingdom' copncentrated on case by case approach. authors of this book counclude that the reform efforts has faced rigidity of existing political interest groups consisting of bureaucrats, zoku politicians, and clients of regulators. so the lagging performance of regulatory reform is notning suprising.
Though I agree with the conclusion, they neglect the reason why once capable bureacrats play evil role and the economic conditions since the 1970s which have drived the rigid political system to accept, at least in dis guise, the reform. and the focus of regulatory reform has laid in distribution, transport, and financial sector. but there is no detailed explanation of them. in this regard, if u are interested in regulatory reform in Japan, I recommend OECD Report on Regulatory Reform, Japan, and Money Rules (from Cornell).
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