Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-19T03:54:59.007Z Has data issue: false hasContentIssue false

10 - A History of the Bank of Japan, 1882–2016

Published online by Cambridge University Press:  10 May 2018

By
Masato Shizume
Edited by
Rodney Edvinsson ,
Tor Jacobson  and
Daniel Waldenström
Rodney Edvinsson
Affiliation:
Stockholms Universitet
Tor Jacobson
Affiliation:
Sveriges Riksbank
Daniel Waldenström
Affiliation:
Uppsala Universitet, Sweden
Get access

Summary

A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Sveriges Riksbank and the History of Central Banking , pp. 328 - 360
Publisher: Cambridge University Press
Print publication year: 2018

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Asakura, Koukichi, Meiji Zenki Nihon Kin’yuu Kouzou Shi (History of Financial Structure in the Early Meiji Japan), Iwanami Shoten, Tokyo, 1961 (in Japanese).Google Scholar
Baldwin, Richard and Teulings, Coen, “Introduction,” Teulings, Coen and Baldwin, Richard, eds., Secular Stagnation: Facts, Causes and Cures, CEPR Press, 2014, pp. 1–23. Available at: http://voxeu.org/content/secular-stagnation-facts-causes-and-cures.Google Scholar
Buyst, Erik and Maes, Ivo, “Central Banking in Nineteenth-Century Belgium: Was the NBB a Lender of Last Resort?” Financial History Review, Vol.15, No.2, October 2008, pp.153–173.CrossRefGoogle Scholar
Fukuda, Shin-ichi, “The Founding of the Bank of Japan and the Changed Behavior of Interest Rates and Inflation Rates,” Journal of the Japanese and International Economies, Vol. 9, 1995, pp. 56–74.CrossRefGoogle Scholar
Hayami, Akira, “Introduction: The Emergence of ‘Economic Society,’” Toby, Ronald P. and Hayami, Akira, eds., Emergence of Economic Society in Japan, 1600–1859, Oxford University Press, 1999, pp. 1–35.Google Scholar
Ide, Eisaku, “Policy Debates on Public Finance Between the Ministry of Finance and the Bank of Japan from 1930 to 1936,” Monetary and Economic Studies, Vol. 33, November 2003, pp. 87–103.Google Scholar
Itoh, Masanao, Koike, Ryoji, and Shizume, Masato, “Bank of Japan’s Monetary Policy in the 1980s: A View Perceived from Archived and Other Materials,” Monetary and Economic Studies, Vol. 21, No.4, December 2015, pp. 97–199.Google Scholar
Iwahashi, Masaru, “Kinsei no kahei Shin’you” (Money and Credit in the Pre-Modern Japan), Sakurai, Eiji and Nakanishi, Satoru, eds., RyuuTsuu Keizai Shi (History of the Commercial Economy), Yamakawa Shuppan Sha, Tokyo, 2002, pp. 431–469 (in Japanese).Google Scholar
Kobayashi, Noburu, Meiji Ishin-ki no Kahei Keizai (The Monetary Economy under the Meiji Restoration), University of Tokyo Press, Tokyo, 2015 (in Japanese).Google Scholar
Lincoln, Edward J., Japan: Facing Economic Maturity, Brookings Institution, Washington, DC, 1988, pp.14–68, reprinted as Chapter 9, Drysdale, Peter and Gower, Luke, eds., The Japanese Economy, Part 1, Vol. II, 1998, pp. 255–301.Google Scholar
Makihara, Norio, Nihon Kin-Gendai Shi 2: Minken to Kenpo (The Japanese Modern and Contemporary History 2: Civil Rights and the Constitution), Iwanami Shoten, Tokyo, 2006 (in Japanese).Google Scholar
Matsukata, Masayoshi, “Nippon Ginko Soritsu Shishu no Setsumei” (An Explanation of the Reasons for the Establishment of the Bank of Japan), 1882, reprinted in Research Department of the Bank of Japan, ed., Nihon Kin’yu Shi Shiryo (Materials of Japanese Financial History), Vol. 4, 1958, pp. 991–1007 (in Japanese).Google Scholar
Metzler, Mark, Lever of Empire: The International Gold Standard and the Crisis of Liberalism in Prewar Japan, University of California Press, Berkeley and Los Angeles, California, 2006.Google Scholar
Ministry of Finance, Ginko Kyoku Dainiji Houkoku (The Second Report of Banking Bureau), Ministry of Finance, Tokyo, 1881 (in Japanese).Google Scholar
Ministry of Finance, Meiji Zaisei Shi, 13: Ginkou (Financial History of the Meiji-Era, Vol. 13: Banks), Maruzen, Tokyo, 1905 (in Japanese).Google Scholar
Mitchener, Kris James and Ohnuki, Mari, “Capital Market Integration in Japan,” Monetary and Economic Studies, Vol. 25, No. 2, November 2007, pp. 129–153.Google Scholar
Mitchener, Kris James, Shizume, Masato, and Weidenmier, Marc D., “Why did Countries Adopt the Gold Standard? Lessons from Japan,” Journal of Economic History, Vol. 70, No. 1, March 2010, pp. 27–56.CrossRefGoogle Scholar
Miyamoto, Matao, Kinsei Nihon no Shijou Keizai (The Market Economy in the Pre-Modern Japan), Yuuhikaku, Tokyo, 1988 (in Japanese).Google Scholar
Nakamura, Takafusa, Lectures on Modern Japanese Economic History, 1926–1994, LTCB International Library Foundation, Tokyo, 1994, pp. 85–170.Google Scholar
Nakamura, Takafusa, “The Age of Turbulence: 1937–54,” Nakamura, Takafusa and Odaka, Konosuke, eds., Economic History of Japan, 1914–1955: A Dual Structure, Oxford University Press, 1999, pp. 55–110.Google Scholar
Nakaso, Hiroshi, “The Financial Crisis in Japan during the 1990s: How the Bank of Japan Responded and the Lessons Learnt,” BIS Paper No. 6, October 2001, Bank for International Settlements, Basel.Google Scholar
Ohkawa, Kazushi and Shinohara, Miyohei with Meissner, Larry, Patterns of Japanese Economic Development: A Quantitative Appraisal, Yale University Press, New Haven, 1979.Google Scholar
Ohnuki, Mari, “The Bank of Japan Network and Financial Market Integration: From the Establishment of the Bank of Japan to the Early 20th Century,” Monetary and Economic Studies, Vol. 25, No. 1, March 2007, pp. 95–127.Google Scholar
Okina, Kunio, Shirakawa, Masaaki and Shiratsuka, Shigenori, “The Asset Bubble and Monetary Policy: Japan’s Experience in the Late 1980s and the Lessons,” Monetary and Economic Studies, Special Edition, February 2001, pp.395–450.Google Scholar
Okina, Kunio and Shiratsuka, Shigenori, “Asset Price Fluctuations, Structural Adjustments, and Sustained Economic Growth: Lessons from Japan’s Experience since the Late 1980s,” Monetary and Economic Studies, Special Edition, December 2004, pp. 143–167.Google Scholar
Pittaluga, Giovanni B. and Seghezza, Elena, “How Japan Remained on the Gold Standard Despite Unsustainable External Debt,” Explorations in Economic History, Vol. 59, January 2016, pp. 40–54.CrossRefGoogle Scholar
Sakaehara, Towao, “Kehei no Hassei” (The Emergence of Money in Japan), Sakurai, Eiji and Nakanishi, Satoru, eds., RyuuTsuu Keizai Shi (History of the Commercial Economy), Yamakawa Shuppan Sha, Tokyo, 2002, pp. 5–41 (in Japanese).Google Scholar
Sakudou, Youtarou, Kinsei Houken Shakai no Kahei Kin’yuu Kouzou (The Monetary and Financial Structure of the Pre-Modern Japanese Feudal Society), Hanawa Shobou, Tokyo, 1971 (in Japanese).Google Scholar
Eiji, Sakurai, “Chuusei no Kahei Shin’you” (Money and Credit in the Medieval Japan), Sakurai, Eiji and Nakanishi, Satoru, eds., RyuuTsuu Keizai Shi (History of the Commercial Economy), Yamakawa Shuppan Sha, Tokyo, 2002, pp. 42–77 (in Japanese).Google Scholar
Schaede, Ulrike, “Forwards and Futures in Tokugawa-Period Japan: A New Perspective on the Dojima Rice Market,” Journal of Banking and Finance, Vol. 13, 1989, pp. 487–513.Google Scholar
Shibamoto, Masahiko and Shizume, Masato, “Exchange Rate Adjustment, Monetary Policy and Fiscal Stimulus in Japan’s Escape from the Great Depression,” Explorations in Economic History, Vol. 53, July 2014, pp. 1–18.Google Scholar
Shirakawa, Masaaki, “Demographic Changes and Macroeconomic Performance: Japanese Experiences,” Opening Remark at 2012 BOJ-IMES Conference, May 30, 2012, the Bank of Japan.Google Scholar
Shizume, Masato, “Sustainability of Public Debt: Evidence from Japan Before the Second World War,” Economic History Review, Vol. 64, No. 4, November 2011, pp. 1113–1143.CrossRefGoogle Scholar
Shizume, Masato, “The Japanese Economy during the Interwar Period: Instability in the Financial System and the Impact of the World Depression,” Ögren, Anders and Øksendal, Lars Fredrik, eds., The Gold Standard Peripheries: Monetary Policy, Adjustment and Flexibility in a Global Setting, Palgrave Macmillan, Basingstoke, 2012, pp. 211–228.CrossRefGoogle Scholar
Shizume, Masato, “Banking Networks and Financial Market Integration: A Case of Japan during the Late 19th Century,” mimeo, 2017.Google Scholar
Shizume, Masato, “Financial Crises and the Central Bank: Lessons from Japan during the 1920s,” Rockoff, Hugh and Suto, Isao, eds., Coping with Financial Crises: Some Lessons from Economic History, Springer, Verlag, 2018, pp. 131–148.CrossRefGoogle Scholar
Shizume, Masato and Tsurumi, Masayoshi, “Modernizing the Financial System in Japan during the 19th Century: National Banks in Japan in the Context of Free Banking,” WINPEC Working Paper, No. E1607, Waseda University, September 2016.Google Scholar
Tsuisho-kai, Shunpo-ko, Ito Hirobumi Den (Biography of Ito Hirobumi), 1940 (in Japanese).Google Scholar
Smethurst, Richard J., From Foot Soldier to Finance Minister: Takahashi Korekiyo, Japan’s Keynes, Harvard University Press, Cambridge, ma and London, 2007.Google Scholar
Takatsuki, Yasuo, Shigeyuki, Makihara and Masahiko Shibamoto, Shibamoto “Nougyou Kin’yuu no Mujun to Kousai Shijou no Antei” (Discrepancies in Agricultural Finance and Stable Public Finance), Fukao, Kyoji, Nakamura, Naofumi, and Nakabayashi, Masayuki eds., Nihon Keizai no Rekishi 2, Kinsei (The History of Japanese Economy, Vol. 2, The Pre-Modern Period: From the End of 16th Century to the First Half of the 19th Century), Iwanami Shoten, Tokyo, 2017, pp. 105–147 (in Japanese).Google Scholar
The Bank of Japan, Zuroku Nihon no Kahei (The Catalogue of Japanese Currencies), Vol. 7, Tokyo, 1973 (in Japanese).Google Scholar
The Bank of Japan, Nippon Ginko Hyakunen-Shi (Bank of Japan: The First Hundred Years), Vol. 1, Tokyo, 1982 (in Japanese).Google Scholar
The Bank of Japan, Nippon Ginko Hyakunen-Shi (Bank of Japan: The First Hundred Years), Vol. 4, Tokyo, 1984 (in Japanese).Google Scholar
The Bank of Japan, Nippon Ginko Hyakunen-Shi (Bank of Japan: The First Hundred Years), Vol. 5, Tokyo, 1985 (in Japanese).Google Scholar
The Bank of Japan, Nippon Ginko Hyakunen-Shi (Bank of Japan: The First Hundred Years), Related Materials and Statistics, Tokyo, 1986 (in Japanese).Google Scholar
Toby, Ronald P., State and Diplomacy in Early Modern Japan, Stanford University Press, Stanford, CA, 1991.Google Scholar
Ueda, Kazuo, Zero Kinri tono Tatakai (A Struggle with the Zero Lower Bound), Nihon Keizai Shinbunsha, 2005a (in Japanese).Google Scholar
Ueda, Kazuo, “The Bank of Japan’s Struggle with the Zero Lower Bound on Nominal Interest Rates: Exercises in Expectations Management,” CIRJE Discussion Paper, CIRJE-F-375, September 2005b.CrossRefGoogle Scholar
Volcker, Paul and Gyoten, Toyoo, Changing Fortunes: The World’s Money and the Threat to American Leadership, Crown, New York, 1992.Google Scholar
Yamazawa, Ippei and Yamamoto, Yuzo, Estimates of Long-Term Economic Statistics of Japan since 1868, 14, Foreign Trade and Balance of Payments, Toyo Keizai Shinposha, Tokyo, 1979.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×