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The Revised Money-lending Control Act and GDP of Japan

This paper analyzes the following three cases concerning the influence of national policies on economic conditions with a focus on economic effects and employment effects in national economy and regional economies (where are Hokkaido and Osaka). We will show policy assessments.  Specifically, it deals with the following:

(1)     The economic effects of maximum interest-rate regulation (Max. Interest Rg.) under the revised Money-lending Control Act as a system design change.

(2)     The economic effects of regulations on loan amounts (Rg. Loan Amounts) under the revised Money-lending Control Acts.

(3)     The economic effects of cash-benefit distribution (Cash Benefit Dstrb.) as a public policy requiring the injection of taxpayers’ money

The results can be summarized that the worst economic policies for above three policies.

Reasons as follows,

1. The mechanism of lawful consumer credit industry and the individual financing has been crushed.

2. An individual income is cut, the number of unemployed is increased, the welfare case is expanded, and the government spending has been expanded.

(2008)	GDP GR.	Osaka’s GDP GR.	Hokkaido’s GDP GR.
(1)Max.Interest Rg	-0.47%	- 0.31%	- 0.28%
(2)Rg. Loan Amounts	-0.51%	-0.64%	- 0.25%
(3)Cash Benefit Dstrb	+0.31%	+0.20%	+ 0.30%
(4)Total	-0.67%	-0.75%	- 0.23%
(5)2009	- 3.7%

�E�GR: Growth Rate

→Japanese Ver.

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