ID 2
FullText File
Title Transcription
Financial Deregulation and the Privatization of Housing Finance Policy in Japan : An Argument against abolishing the Government Housing Loan Corporation
Authors
大泉 英次
DOI
Journal Title
The annals of the Economic Society, Wakayama University
ISSN
1880490X
NCID
AA1205610X
Volume
9
Start Page
53
End Page
71
Published Date
2005-07-01
Language
eng
Keywords
金融自由化
住宅政策
民営化
Keywords Alternative
financial deregulation
housing policy
privatization
Abstract Alternative
In postwar Japan, the public policy to promote housing provision was served mainly by the three institutions established in the 1950s: the Government Housing Loan Corporation (GHLC), the municipality-managed Public Housing System and the Japan Housing Corporation. However, from the mid-1990s onward, remarkable changes in housing policies began to appear. The changes include a drastic restructuring of the existing system and institutions. This paper, focusing on the government' s plan to abolish GHLC, provides a critique of the restructuring in Japan' s housing finance policy. First, we discuss the background against which the changes in housing finance policy are concerned: financial deregulation and bad loan problems. Secondly, we describe the government' s plan to abolish GHLC, and thirdly, examine this plan' s actual implications and possible consequences. Lastly, we raise an alternative perspective for desirable reforms of housing finance policy.
Content Type
Departmental Bulletin Paper
Text Version
publisher
Accession No.
KJ00004131282