Strategy towards the "Big Bang": The Industrial Bank of Japan's approach

Suzuki, Yuji

The Japanese “Big Bang” is a broad reform plan for Japan’s financial system announced in
November 1996 by Prime Minister Ryutaro Hashimoto. The goal of this ambitious
financial liberalization plan is to revamp Japan’s financial markets and industry which have been
adversely affected by the bursting of the bubble economy or, in other words, to make Tokyo an
international market comparable to those of New York and London by the year 2001.

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 35
Published Here
February 16, 2011