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Effectiveness of Window Guidance and Financial Environment (Chinese Version)

In Light of Japan's Experience of Financial Liberalization and a Bubble Economy

August 2010
Tomoyuki Fukumoto, Masato Higashi, Yasunari Inamura, and Takeshi Kimura
International Department

This report, 2010-C-2, is a translation of the original Japanese issue, Bank of Japan Review 2010-J-10 published in June 2010.


Bank of Japan Review is published by the Bank of Japan to explain recent economic and financial topics for a wide range of readers. The views expressed in the Review are those of the authors and do not necessarily represent those of the Bank of Japan.

If you have comments and questions as well as requests for hard copies, please contact Tomoyuki Fukumoto, Director, International Department (E-mail: