Analysis of Financial Crisis and Development of Japanese Regulations

All previous financial crises occurred in Japanese financial market expose the problems existing in Japanese financial system and affect the emphasis and developmental trend of policies about Japanese financial regulations.In 1927,the countermeasures after Showa bank crisis provided preconditions for the with a pattern of convoy fleet.Bubble economy in Japan and Asian financial crisis in 1997 had impacts on regulation.American financial crisis,which was broken out in 2009 and resulted global financial storm,influenced the development of Japanese financial regulation.Under the impact of financial crisis,Japanese financial changed from regulation beforehand which restricted competition to regulation afterward which focused on improving operation,and at present it is evolving to sheltered system which combines regulation beforehand and regulation afterward in order to keep away systematic risks.