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
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Authors |
大泉 英次
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Self DOI | |
Journal Title |
The annals of the Economic Society, Wakayama University
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ISSN | 1880490X
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NCID | AA1205610X
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Volume | 9
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Start Page | 53
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End Page | 71
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Order | 03
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Published Date | 2005-07-01
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Language |
eng
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Keywords | 金融自由化
住宅政策
民営化
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Keywords Alternative | financial deregulation
housing policy
privatization
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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.
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Content Type |
Departmental Bulletin Paper
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Text Version |
publisher
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Accession No. | KJ00004131282
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