The study of Japan financial policy

• Main Authors: Chen, Jian-zhi, 陳建志
• Other Authors: Wang chun-yuan
• Format: Others
• Language: zh-TW
• Published: 1997
• Online Access: http://ndltd.ncl.edu.tw/handle/57589675549737323555

碩士 === 淡江大學 === 日本研究所 === 85 === After World War Two, the econnomy of Japan was ruined. In this kind of hard situation, the GNP of Japan, in 1951, returned to the level before World War Two. In this of period, the relationship between U.S. and Soviet Union became worse, and the influence of communism is t,expanded. In 1950, Korean War broke out. Japan took the most advantage from the warfare. Nixson, the president of U.S., declare that stopped the exchange of U.S. dollar and gold, and this announcement caused the instability of international exhange rate. At that time, Japan insisted on maintain the exchange that one dollar to three hundred and sixty yen, the they to stabilize the rate. In order to main this rate, Japan bought a great deal of U.S. dollar,selling yen, but they loss a large quantity of foreign exchange, and cause inflation afterwards. This is a fatal failure of the financial policy of Japan.rket organization in Japan: Two oil crisis made production cost increasing and inflation. Japan adopt the stabilized the economy,making economical growing by stablilized the economy. After appling these financial policies,the inflation was relieved. The successful reaction of Japan, in the oil crisis edned up the high economical growing and into the poeriod of low economical growing. s, and the goal of How the government effectively react in the fluctuating economic phenomenon, n Japan:chasing after the economical growing, paying attention to bothe stable price and full employment, the financial policy play a significant role. policy in Japan: In 1973, as the watershed,Under the special financial circumstance in Japan, how they decide and execute finanacial policies, achieve the goal, and the achievemehnt is the sphere of the paper.l circulation and the interestFrom 1945, after World War Two, to 1984 is the very period discussed in this paper about the characteristic of the finnacial organization in Japan and executing authority and tis process, goal and tools, How Japan dela with the difficulities and the effect would be the discussion of this paper.Chapter Two the characteristic of financial market organization in Japan: After World War Two, the economic of Japan is investment-export oriented. Under the low interestrate and non-internationaliezed financial circumstance, the characteristic of financial organization. Chapter Three the authority executing the financial policy and the goal of financial policy: The organication of BOJ, decision and executing process, and the goal of financial policy in every poerod. Chaper For The tools of financial policy in Japan: How the BOJ use the finacial tools to infect the money supply. Chapter Five The estimation of the effect of the financial policy in Japan: In 1973, as the watershed, estimates the effect of financial policy. Chapter Six The direction of the evolution of the financial policy in Japan: The evolution of Japan about the capital circulation and the interest rate applying.