1997 Reports

Japan's "super" Big Bang: Hashimoto's make-or-break gamble

Kanzaki, Yasuo

"Reform is needed because we have failed to stimulate the Japanese economy through
traditional remedies which rely on fiscal and monetary policies. Meanwhile, Britain and the
United States, which have pushed deregulation since the early 1980s, have regained economic
vitality. The slump in Japan and the boom in Britain and the United States have prompted
Japanese to think seriously about deregulation and, more generally, structural reform."