On Financial Liberalization and Household Financial Management

In this article we examine some possible impacts on household financial management by development of deregulation policy toward Japanese financial services industries. Households could somewhat be expected to introduce a quasi-corporate financial management measures to adjust their inherent financial management features in order to establish their own methods. With appropriate promotion of disclosure of corporate and financial imformation even households are gradually about to take and/or cope with the responsibility for their decision-making in financial behavior such as portfolio and asset-liability management with covering transaction cost and paying certain attention to the total assurance of life-long planning