日本金融大改革及對我國之啟示

The Financial Reform in Japan and its Implications for Taiwan

日本自1997年起開始金融大改革（Big Bang），自此揭開日本金融大改革的序幕；2004年12月日本金融廳發布「金融改革計畫—面對金融服務立國的挑戰」，進入另一個新的金融改革階段，積極使日本成為亞洲金融中心為目標，並以「金融服務立法」為宗旨，進行此階段的金融改革。同時，2001年日本郵政民營化可說是日本的第二次金改，以日本郵政的規模（資產高達3.1兆美元）而言，實足以改變日本金融市場的生態。本文首先探討日本金融大改革的背景及主要內容，分析金融大改革對金融業的影響，再歸結對我國的啟示，期能拋磚引玉，提供我國金融改革時的參考。

Japan’s so-called “Big Bang” financial reform was launched by Prime Minister Hashimoto in 1996. In December 2004, the Financial Services Agency (FSA) announced the “Program for Further Financial Reform – Japan’s Challenge: Moving toward a Financial Services Nation,” embarking on a new phase of reform with the aim of turning Japan into an Asian financial center, and with the enactment of a “financial services law” as one of its objectives. Meanwhile, the privatization of Japan Post, begun in 2001, can be considered as the second phase of financial reform, because as the country’s largest savings, pensions and financial services business, with assets of over US$3.1 trillion, Japan Post’s privatization would bring great changes to Japan’s financial market landscape. This study examines the background and main features of Japan’s financial reform, analyzes its impact on the financial industry, and draws lessons on how Taiwan may be able to gain the best results in its own pursuit of financial reform.