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  • May 1998 (Revised January 1999)
  • Case
  • HBS Case Collection

Japan: "Free, Fair, and Global?"

By: Richard H.K. Vietor and Stephen E. Lynagh
  • Format:Print
  • | Language:English
  • | Pages:28
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Abstract

In April 1998, Prime Minister Hashimoto faced serious problems, both with his program of six systemic reforms and with his fiscal policy. Japan had been in effective recession for six years, unable to retain the miracle-growth achieved in earlier decades. Hashimoto has proposed to reform social security, fiscal policy, administration, regulation, education, and especially the financial system. But institutional rigidities--the bureaucracy, labor policies, corporate governance, and the aging population among others--has made change exceedingly difficult.

Keywords

Sovereign Finance; Development Economics; Social Issues; Policy; Economy; Government Administration; Financial Crisis; Japan

Citation

Vietor, Richard H.K., and Stephen E. Lynagh. Japan: "Free, Fair, and Global?". Harvard Business School Case 798-083, May 1998. (Revised January 1999.)
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About The Author

Richard H.K. Vietor

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Related Work

    • July 2001 (Revised June 2005)
    • Faculty Research

    Japan: Beyond the Bubble

    By: Richard H.K. Vietor and Rebecca Evans
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  • Japan: Beyond the Bubble By: Richard H.K. Vietor and Rebecca Evans
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