Postal Savings and Fiscal Investment in Japan The PSS and the FILP [Hardcover]

The book provides an overview of the Postal Savings System and the Fiscal Investment and Loan Program. These institutions are a major feature of Japanese finance, not extensively discussed outside of Japan. Together, they represent a wide-ranging system of government financial intermediation that is increasingly incompatible with Japan's early efforts to develop a modern financial system and help reverse the economic and financial decline that started in the early 1990s. The book is a mixture of policy, institutional, and quantitative analysis.

1. The Transition of Finance, Postal Savings, and Government Financial Intermediation
2. The Postal Savings System and the Fiscal Investment and Loan Program in the Japanese Financial System
3. Flow-of-Funds Model of the Postal Savings System and the Fiscal Investment and Loan Program
4. Empirical Issues and Results
5. Reforming the Postal Savings System and the Fiscal Investment and Loan Program: Historical Perspective, Summing-up of the Issues, Reform, and Evaluation