Financial Deregulation and the Privatization of Housing Finance Policy in Japan : An Argument against abolishing the Government Housing Loan Corporation
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説明
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.
identifier:KJ00004131282
収録刊行物
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- The annals of the Economic Society, Wakayama University
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The annals of the Economic Society, Wakayama University 9 53-71, 2005-07-01
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詳細情報 詳細情報について
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- CRID
- 1390009224866640384
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- NII論文ID
- 110004520263
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- NII書誌ID
- AA1205610X
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- ISSN
- 1880490X
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- NDL書誌ID
- 7403933
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- 本文言語コード
- en
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- データソース種別
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- JaLC
- IRDB
- NDL
- CiNii Articles