What’s NewPublication of The Japanese Banking Crisis

by Himino Ryozo

The Commissioner of JFSA, Himino Ryozo, has published a new book analyzing the banking crisis Japan experienced between the 1980s and the 2000s. The book is written from the viewpoint of a financial policymaker, as the Commissioner is also the Chairman of the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation, a global forum of regulatory authorities, central banks, finance ministries, and standard-setting bodies. He writes in the book that:

“We make many minor mistakes due to carelessness, stupidity, or greed. But, as classical Greek tragedies well portray, we make major mistakes because we are driven by forces bigger than us. Many people work with all their might and in good faith, but sometimes the combined effects of such efforts lead us to a tragedy. Only by understanding such mechanisms, can one avoid another tragedy.”

In his book, Commissioner Himino examines how and why the crisis occurred and what lessons were learned so that future financial policymakers can more quickly respond to similar crisis in the future. The books chapters are based on lectures he gave to Visiting Fellows of GLOPAC concerning the crisis.

Please click the link below from which you can download his eBook for free.

Link To Book >