Summary |
This book analyzes the causes for the failures of Japanese life insurers in the financial crisis of the Heisei era, using publicly disclosed data and conducting interview-based investigations. In addition to materials generally available to the public such as insurers’ disclosure brochures and statistics, “inspection reports (attached materials)” issued by the Ministry of Finance, I have also gathered other materials not generally available to the public – by filing right-to-know requests- and conducted large-scale interviews with officials of failed life insurers (including managers and staff members of planning, actuarial and financial divisions of that time) to collect testimony on management in an effort to unveil what was actually happening within those failed midsize insurers.
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