1. Introduction 2. Macroprudential Regulation: Concept, History, and Practice 3. Theoretical Framework: Salience, Orientation, and Turf 4. US Banking: Political Salience, Policy Learning, and Growth vs. Stability 5. Japanese Banking: Non-Performing Loans and the Shift from Extreme to Moderate Stability Orientation 6. US Asset Management: Growth Orientation, Bureaucratic Turf, and Moderate Reforms 7. Japanese Asset Management: Lynchpin of Economic Growth and the Absence of Macroprudential Policy 8. Conclusion
Biography
Walter James is Independent Scholar and Principal Consultant at Power Japan Consulting. His research focuses on the politics of finance and regulation in Japan and the United States, and more recently on the political economy of climate change action, clean energy transition, and sustainable finance in Japan. He obtained his MA in Social Science from the University of Chicago and his PhD in Political Science from Temple University. He was also a Fulbright Graduate Research Fellow at Waseda University in Tokyo from 2021 to 2023.
