Overview Of Japanese Big Bang

The volume of international financial transactions has increased exponentially in recent years, a trend which shows no signs of abating. Meanwhile, as both financial product design and communications technology grows ever more complex, the dizzying pace of change threatens to overwhelm financial and capital markets unable to compete in this new global environment. Japanese financial institutions have long been sheltered from global competition by a complex web of protective regulation. Originally set up to aid to Japan's domestic enterprises, over-regulation is now seen by many observers both domestic and overseas as a primary impediment to the overall competitiveness of a Japanese economy now bobbing in the tides of the rapidly emerging global marketplace.