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Author : Ingo Walter
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 486 pages
Book Rating : 4.F/5 ( download)
Download or read book Restructuring Japan's Financial Markets written by Ingo Walter and published by Irwin Professional Publishing. This book was released on 1993 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Raj Aggarwal
Publisher : Springer Science & Business Media
ISBN 13 : 1461545935
Total Pages : 335 pages
Book Rating : 4.4/5 (615 download)
Download or read book Restructuring Japanese Business for Growth written by Raj Aggarwal and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Restructuring Japanese Business for Growth consists of eighteen previously unpublished invited chapters by experts on Japanese business. It will attract both commercial and academic interest. Japanese business can be expected to continue to be of great importance in global and Asian economics, especially as the Japanese economy is the dominant economy in Asia, being larger than all other Asian economies combined. Policymakers and business people interested in understanding Japanese financial markets will find this book useful. In addition, this book should be a valuable resource for undergraduate, graduate, and executive development courses in international business, global finance, and Japanese business.
Download or read book Restructuring Japan's Capital Market written by and published by . This book was released on 1990 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Takeo Hoshi
Publisher : Springer Science & Business Media
ISBN 13 : 1461543959
Total Pages : 326 pages
Book Rating : 4.4/5 (615 download)
Download or read book Crisis and Change in the Japanese Financial System written by Takeo Hoshi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the start of the twenty-first century, the Japanese financial system is undergoing a major transformation. This process is spurred by a sense of crisis. Dominated by large institutions, the Japanese banking system has suffered from serious problems with non-performing loans since the early 1990s, when the Japanese stock market and urban real estate market both crashed. Delays in responding to these twin asset bubbles, by both regulatory authorities and the banks themselves, made matters worse and led to a banking crisis in late 1997 and early 1998. Not anticipating this setback, in late 1996 the Japanese government inaugurated its Big Bang of comprehensive financial deregulation designed to complete the process of creating `free, fair, and open financial markets'. Beginning in late 1998 and early 1999 the government finally embarked on a major rehabilitation of the Japanese banking system, including making available some Yen 60 trillion (approximately USD 500 billion) of government funds to recapitalize fifteen major banks, adequately fund the deposit insurance program, and write off the bad loans of nationalized or bankrupted banks. One result of this reform process is that the Ministry of Finance (MOF), which dominated Japanese financial system policy for most of the post-war period, has been stripped of most of its former regulatory powers. The purpose of this book is to describe, analyze, and evaluate the process that is transforming the Japanese financial system. The chapters address various issues relating to the transition of the Japanese financial system from a bank-centered and relationship-based system to a competitive market-based system. Questions taken up include: Why did Japanese banks get into such serious trouble? Why has the MOF lost its immense power? How will the Big Bang's financial deregulation further change the Japanese financial system, including the huge government financial institutions and postal savings system? What are some of the broader implications of this transition? The book is divided into three parts: Part I considers the origins of Japan's banking crisis; Part II focuses on five particularly important areas of major actual and potential changes; Part III addresses the effects of the Big Bang, including its potential systemic externalities. Taken together, this book offers an unusually up-to-date, comprehensive and thorough appraisal and evaluation of the profound changes occurring in Japan's financial system.
Author : Mr.Akihiro Kanaya
Publisher : International Monetary Fund
ISBN 13 : 1451842406
Total Pages : 48 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Japanese Banking Crisis of the 1990's written by Mr.Akihiro Kanaya and published by International Monetary Fund. This book was released on 2000-01-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.
Author : Mitsuhiko Nakano
Publisher : Springer
ISBN 13 : 1137541180
Total Pages : 204 pages
Book Rating : 4.1/5 (375 download)
Download or read book Financial Crisis and Bank Management in Japan (1997 to 2016) written by Mitsuhiko Nakano and published by Springer. This book was released on 2016-11-22 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the challenges faced by the Japanese economy and the Japanese banking industry following the financial crisis that emerged around the turn of the last millennium. The author explores how the Japanese financial crisis of the late 1990s engendered huge restructuring efforts in the banking industry, which eventually led to even more sweeping changes of the economic system and long-term deflation in the 2000s. The discussion begins with an overview of the unconventional monetary policy launched by the Bank of Japan at this time, while banking administrative policies maintained their strict code of governance. The author describes how, just as recovery seemed possible, the twin disasters of the Lehman shock and the Great East Japan Earthquake buffeted the recovering economy, and pushed Japan again into deflation. The book also looks to the very recent past, with the sudden advent of Abenomics in 2013, with its three-pronged approach, which was intended to break the deflationary mindset. Finally, the author projects what the future of the banking industry in Japan might encompass, as looming demographic changes gradually threaten both the economy and the banking industry.
Author : Mr.Se-Jik Kim
Publisher : International Monetary Fund
ISBN 13 : 1451874472
Total Pages : 34 pages
Book Rating : 4.4/5 (518 download)
Download or read book Macro Effects of Corporate Restructuring in Japan written by Mr.Se-Jik Kim and published by International Monetary Fund. This book was released on 2003-10-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal restructuring, that is, reallocation of resources from less-productive firms to more-productive ones, on the dynamic path of aggregate output. The results show that the benefits of restructuring could substantially exceed the costs.
Author : J. Robert Brown Jr.
Publisher : Routledge
ISBN 13 : 1134839758
Total Pages : 273 pages
Book Rating : 4.1/5 (348 download)
Download or read book Opening Japan's Financial Markets written by J. Robert Brown Jr. and published by Routledge. This book was released on 2002-09-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely asserted, outside Japan, that the failure of foreign banks to penetrate Japanese financial markets is the direct result of stringent Japanese protectionist policies. However, although there may be some truth in this, it is a one-dimensional argument. Opening Japan's Financial Markets takes a broader view. It accepts that the Japanese bureaucracy have skillfully limited the scope of foreign banks. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of foreign banks and governments has also been a major factor.
Author : Richard S. Thorn
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9971988755
Total Pages : 145 pages
Book Rating : 4.9/5 (719 download)
Download or read book The Rising Yen written by Richard S. Thorn and published by Institute of Southeast Asian Studies. This book was released on 1987 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan has become the world's second largest economy and the number one exporter of financial capital. Tokyo has taken its place as a first-tier financial centre alongside London and New York. This study analyses the far-reaching effects of these developments on both Japan and the world capital markets.
Author : Martin Neil Baily
Publisher : Brookings Institution Press
ISBN 13 : 0815725256
Total Pages : 191 pages
Book Rating : 4.8/5 (157 download)
Download or read book Financial Restructuring to Sustain Recovery written by Martin Neil Baily and published by Brookings Institution Press. This book was released on 2013-12-11 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Nomura Institute of Capital Markets Research publication The financial crisis of 2007–08 and the Great Recession caused more widespread economic trauma than any event since the Great Depression. With a slow and uneven recovery, encouraging stability and growth is critical. Financial Restructuring to Sustain Recovery maintains that while each part of the financial services industry can play a useful role in revving up the U.S. economic engine to full capacity, the necessary reforms are sometimes subtle and often difficult to implement. Editors Martin Neil Baily, Richard Herring, and Yuta Seki and their coauthors break recovery down by three areas: Restructuring the housing finance market Reforming the bankruptcy process Reenergizing the market for initial public offerings Included are lessons drawn from Japan's experience in overcoming its long-lasting financial crisis after the collapse of its real estate market in the 1990s. Contributors: Franklin Allen (Wharton School, University of Pennsylvania), James R. Barth (Auburn University College of Business; Milken Institute), Thomas Jackson (Simon School of Business, University of Rochester), Jay R. Ritter (Warrington College of Business, University of Florida), David Skeel (University of Pennsylvania Law School), and Glenn Yago (Milken Institute).
Author : Stephen M. Harner
Publisher : Routledge
ISBN 13 : 1315291959
Total Pages : 304 pages
Book Rating : 4.3/5 (152 download)
Download or read book Japan's Financial Revolution and How American Firms are Profiting written by Stephen M. Harner and published by Routledge. This book was released on 2016-09-16 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors. Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit.
Author : James Horne
Publisher : Taylor & Francis
ISBN 13 : 9780868617244
Total Pages : 271 pages
Book Rating : 4.6/5 (172 download)
Download or read book Japan's Financial Markets written by James Horne and published by Taylor & Francis. This book was released on 1985-01-01 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William M. Tsutsui
Publisher : Taylor & Francis
ISBN 13 : 9780415170147
Total Pages : 272 pages
Book Rating : 4.1/5 (71 download)
Download or read book Banking in Japan written by William M. Tsutsui and published by Taylor & Francis. This book was released on 1999 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas F. Cargill
Publisher : MIT Press
ISBN 13 : 9780262262101
Total Pages : 212 pages
Book Rating : 4.2/5 (621 download)
Download or read book Financial Policy and Central Banking in Japan written by Thomas F. Cargill and published by MIT Press. This book was released on 2001-01-03 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes how the bank-dominated financial system—a key element of the oft-heralded "Japanese economic model"—broke down in the 1990s and spawned sweeping reforms. Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang financial market reform, a complete restructuring of its regulatory financial institutions, and an independent central bank. These reforms have taken place amid recession and rising unemployment, collapsing asset prices, a looming banking crisis, and the lowest interest rates in the industrial world. This book analyzes how the bank-dominated financial system—a key element of the oft-heralded "Japanese economic model"—broke down in the 1990s and spawned sweeping reforms. It documents the sources of the Japanese economic stagnation of the 1990s, the causes of the financial crisis, the slow and initially limited policy response to banking problems, and the reform program that followed. It also evaluates the new financial structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from conducting monetary policy in a zero-interest rate environment characterized by a "liquidity trap" to managing consolidation in the Japanese banking sector against the backdrop of increasing international competition.
Author : Franz Schober
Publisher : Duncker & Humblot
ISBN 13 : 9783428499359
Total Pages : 230 pages
Book Rating : 4.4/5 (993 download)
Download or read book Restructuring the Economy of the 21st Century in Japan and Germany written by Franz Schober and published by Duncker & Humblot. This book was released on 2015 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the revised and updated versions of twelve papers which were presented at the 17th joint seminar of the faculties of economics of the Universities of Nagoya and Freiburg. The seminar took place in 1997 in Nagoya and marked the 25th anniversary of the cooperation between both faculties. The subjects of the book concentrate on long-term economic and business issues common to Japan and Germany on the turn of our century.Firstly, both countries experience continuing and interrelated problems in the labor market, budget deficits, demographic changes and the future of the social security system. Secondly, globalization, technical progress and shift of social values lead to structural changes of the economy and its institutions, particularly to deregulations and network economies. As a consequence, new ways of cooperation between firms, customers and suppliers will be established. Thirdly, the network economy changes also the inner structure and management of the companies in both countries including new organizational patterns such as the holding company or the virtual enterprise, the tight cooperation of small and medium-sized companies, human resource management and compensation.Although the broad issues in both countries - as in other mature economies - are essentially the same, the details under the surface are different and therefore ask for different solutions. The identification of these similarities and differences by theoretical and empirical methods constituted a key objective of the seminar, as well as of previous seminars.
Author : Takeo Hoshi
Publisher : MIT Press
ISBN 13 : 0262582481
Total Pages : 379 pages
Book Rating : 4.2/5 (625 download)
Download or read book Corporate Financing and Governance in Japan written by Takeo Hoshi and published by MIT Press. This book was released on 2004-01-31 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution. The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the "Japanese Big Bang." Hoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.
Author : Frances Rosenbluth
Publisher : Princeton University Press
ISBN 13 : 1400835097
Total Pages : 263 pages
Book Rating : 4.4/5 (8 download)
Download or read book Japan Transformed written by Frances Rosenbluth and published by Princeton University Press. This book was released on 2010-04-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: With little domestic fanfare and even less attention internationally, Japan has been reinventing itself since the 1990s, dramatically changing its political economy, from one managed by regulations to one with a neoliberal orientation. Rebuilding from the economic misfortunes of its recent past, the country retains a formidable economy and its political system is healthier than at any time in its history. Japan Transformed explores the historical, political, and economic forces that led to the country's recent evolution, and looks at the consequences for Japan's citizens and global neighbors. The book examines Japanese history, illustrating the country's multiple transformations over the centuries, and then focuses on the critical and inexorable advance of economic globalization. It describes how global economic integration and urbanization destabilized Japan's postwar policy coalition, undercut the ruling Liberal Democratic Party's ability to buy votes, and paved the way for new electoral rules that emphasized competing visions of the public good. In contrast to the previous system that pitted candidates from the same party against each other, the new rules tether policymaking to the vast swath of voters in the middle of the political spectrum. Regardless of ruling party, Japan's politics, economics, and foreign policy are on a neoliberal path. Japan Transformed combines broad context and comparative analysis to provide an accurate understanding of Japan's past, present, and future.
