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ISBN 4-492-39399-4 Publication Date January 2003 Table of Contents Commentators on Japan politics often claim the country's politics never change. This book argues, however, that Japan's financial politics of the mid 1990s, culminating in the "Big Bang" financial deregulations of 1996, have significantly altered the political landscape. The "convoy system," whereby the Ministry of Finance (MOF) sheltered and segmented the domestic financial industry, and the policy-making mechanism of "bureaupluralism" centered on the bureaucracy and the Liberal Democratic Party have largely broken down due to poor economic performance, scandals and the rise of a viable political opposition.The book has three goals. First, it attempts to paint a realistic picture of post-1995 financial politics in Japan. The author argues the Big Bang is best understood as the outcome of strategic interaction between state actors (i.e., the MOF and the LDP) seeking organizational survival. Second, it seeks to provide a causal mechanism for developments in financial politics by constructing a framework of institutional change and a typology of reform in Japan's financial sector. Third, it offers theoretical insights beyond Japan's financial sector, arguing that entrenched actors may not be as secure as they seem; that bureaucrats do not always maximize their organizational power; and that the public has more policy influence than commonly thought because politicians, bureaucrats and interest groups actively seek public support to enhance their positions. Chapter 1: Introduction Part I Preparing the AnalysisChapter 2: Existing Approaches, Methodology, and Alternative Explanations Chapter 3: Actors, Preferences, Strategies, and Institutions in Financial Politics: Our Theoretical Framework Chapter 4: The Economic Realties of the Big BangPart II Analysis of Financial PoliticsChapter 5: The Emergence of the Big Bang Initiative: A Political AnalysisChapter 6: The Financial Industries' Influence on the Financial ReformsChapter 7: New Developments in Bureaupluralism in Financial PoliticsPart III Making Sense of the Changes Chapter 8: Institutional Change in the Japanese Political Economy: The Breakdown of the Financial Convoy and the Decay of BureaupluralismChapter 9: Conclusions * This publication is in Japanese. An English translation is not available. 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