I can best illustrate the problem by telling you about my recent experience as Executive Director of the CCMF. Soon after I joined the Centre we made the decision to deliver all our data and information services online, and to publish all our books and economics papers electronically. The CCMF publishes an academic journal, the JBF3E.
In the 1980s, a large proportion of the population was able to enjoy a satisfactory standard of living. At the same time, however, the increased presence of the Japanese economy in international markets intensified trade friction, leading to a rising yen after the Plaza Accord. Foreign pressure rose for a wider opening of Japanese markets and for financial deregulation.