In 1997, amid ongoing financial problems of Japan, Japanese Prime Minister Ryutaro Hashimoto sought to restructure the financial sector to make it more transparent and competitive in the world market. He expressed the hope that this work, known as the "Big Bang" after the British financial restructuring of a decade ago, is successful. But financial problems, which seemed to have ceased, looked as if they might get worse. Thus, Hashimoto had to weigh priorities. Whether it should focus on the long-term restructuring, immediate financial assistance, or both? May over-emphasis on the long-term restructuring to increase the chances that the major banks could collapse? And what were the best economic and political strategies in these arenas? As one of the major developed economies, Japan offers analog challenges facing the United States in its 2008-2009 financial crisis. "Hide
by Thierry Port, Rawi Abdelal, Laura Alfaro, Jonathan Schlefer Source: Harvard Business School 26 pages. Publication Date: 02 November 2009. Prod. #: 710036-HCB-ENG
Related Case Solutions & Analyses:
Tanishq: Positioning to Capture the Indian Womans Heart
Natura: Global Beauty Made in Brazil
From Niches to Riches: Anatomy of the Long Tail
Global Costs of Opacity
Moving Up the Value Chain: Good Approach for Ireland
Compensation Planning at Stanford University in the 21st Century
Starbucks and Conservation International
Cancun Mexico: Water System Privatization
Economic Evidence on the Globalization of Markets
Wal-Mart and Carrefour Experiences in China: Resolving the Structural Paradox
