主办银行制度与日本经济发展

日本主办银行制度是以主银行为中心、维系银企之间长期稳定的交易关系的行为方式和规则。这种长期关系的维系依赖于隐性市场契约 ,属于半企业半市场性质 ,具有不稳定性。主办银行制度的有效性依赖于相对封闭的经济、金融发展环境 ,它对战后日本经济的恢复和发展起到了积极的推动作用。随着经济、金融全球化的发展 ,日本企业融资空间拓展 ,使主办银行制走向瓦解 ,由此导致日本泡沫经济的发育和崩溃。主办银行制成为开放条件下日本经济发展的障碍。

Main Bank System and Japan's Economic Development

Main bank system in Japan is an approach for keeping a long-term business relationship between a bank and an enterprise. The system is an enterprise and a market as well, and the bank plays the leading role; it bears the character of instability as shown in its practice. . Such a system highly depends on a relatively closed economic and financial environment and has played a positive role in Japan's economic recovery and development since WWII. But, due to the globalization of economy and finance as well as the expansion of Japanese enterprises' financing channels, the main bank system is declining, causing capital flow from banks and enterprises into capital market in such a large amount that bubble economy is encouraged. The downfall of bubble economy hits the main bank system greatly and makes it a major impediment to Japan's economic development.