Banking, The State and Industrial Promotion in Developing Japan, 1900-73

Banking, The State and Industrial Promotion in Developing Japan, 1900-73 PDF Author: S. Ogura
Publisher: Springer
ISBN: 0230598129
Category : History
Languages : en
Pages : 144

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Book Description
This book researches banking structure in developing Japan and gives insight into how Japan's banks have become embroiled in recent financial crisis. It re-evaluates the role and function of Japan's commercial banks among its corporate groupings and proves that the behaviour of banks heading corporate groups has characterized the economic system, and that the banks could not have established a long-term capital lending business until the beginning of the 1970s.

Banking, The State and Industrial Promotion in Developing Japan, 1900-73

Banking, The State and Industrial Promotion in Developing Japan, 1900-73 PDF Author: S. Ogura
Publisher: Springer
ISBN: 0230598129
Category : History
Languages : en
Pages : 144

Get Book

Book Description
This book researches banking structure in developing Japan and gives insight into how Japan's banks have become embroiled in recent financial crisis. It re-evaluates the role and function of Japan's commercial banks among its corporate groupings and proves that the behaviour of banks heading corporate groups has characterized the economic system, and that the banks could not have established a long-term capital lending business until the beginning of the 1970s.

The Origins of International Banking in Asia

The Origins of International Banking in Asia PDF Author: Shizuya Nishimura
Publisher: Oxford University Press
ISBN: 0191641332
Category : Business & Economics
Languages : en
Pages :

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Book Description
Without a means of crediting and debiting accounts worldwide and the non-physical transfer of funds, the rapid global economic integration of the late nineteenth and early twentieth centuries would have been impossible. It is the globalization of the banking system, much of which, particularly in Asia, had its roots in the nineteenth century, that helped facilitate increased human mobility, the exchange of commodities and manufactures, and the simplified transfer of funds. This volume examines the origins, growth, and business practices of European banks in Asia, and the development of Asian (notably Japanese and Hong Kong) banks, and their operations on an international stage, and in doing so, provides important new detail and analysis of economic globalization. It draws on the archival documentation of main British, French, and Japanese banks involved and provides analysis from a range of historical viewpoints, including global banking strategy, monetary regimes, financial markets, international trade, labour immigration, and the development of communication tools.

Capital as Will and Imagination

Capital as Will and Imagination PDF Author: Mark Metzler
Publisher: Cornell University Press
ISBN: 0801467918
Category : History
Languages : en
Pages : 320

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Book Description
With this book, Mark Metzler continues his investigation into the economic history of twentieth-century Japan that he began in Lever of Empire. In Capital as Will and Imagination, he focuses on the successful stabilization of Japanese capitalism after the Second World War. How did a defeated and heavily damaged nation manage reconstruction so rapidly? What economic beliefs resulted in the "miracle" years of high-speed economic growth? Metzler argues that the inflationary creation of credit was key to Japan's postwar success-and its eventual demise due to its instability over the long term. To prove his case, Metzler explores heterodox ideas about economic life , in particular Joseph Schumpeter's realization that inflation is intrinsic to capitalist development. Schumpeter's ideas, widely ignored within standard American neoclassical economic theory, were shaped by his experience of Austria's reconstruction after 1918. They were highly influential in Japan, and Metzler traces their impact in the period from the Allied Occupation, starting in 1945, through the Income Doubling Plan of 1960. Japan after defeat, Metzler argues, illustrates the critical importance of inflationary credit creation for increased production.

A History of Corporate Governance around the World

A History of Corporate Governance around the World PDF Author: Randall K. Morck
Publisher: University of Chicago Press
ISBN: 0226536831
Category : Business & Economics
Languages : en
Pages : 700

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Book Description
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Institutional Change in Japan

Institutional Change in Japan PDF Author: Magnus Blomström
Publisher: Routledge
ISBN: 1134180578
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
This is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system. After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan’s struggle has called into question the ability of the country’s economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century. This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.

Forex Forever

Forex Forever PDF Author: Ranald C. Michie
Publisher: Oxford University Press
ISBN: 0198903715
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
The world's largest market is that for foreign exchange with a turnover running into trillions per day. The mystery is why this market is dominated by trading in London when the US dollar is the main currency in use. What role is played by this market? To many it is a speculator's paradise, exposed to manipulation and contributing to currency volatility. For others it plays a central role in in the operation of the global banking system and a mechanism for maintaining currency stability. In Forex Forever, Ranald C. Michie seeks to provide answers to these and other questions by examining how the foreign exchange market has developed in the City of London over the past 150 years and uncovers its secret existence in London before the First World War. Michie explores how the City of London became the centre of the global foreign exchange market before 1914 through the international banking network, trading on the floor of the Stock Exchange, and the communications revolution that began with the telegraph. He investigates how that position was sufficient to make London the centre of a new foreign exchange market that emerged between the wars, survived the era of fixed exchange rates after the Second World War, and then flourished from 1970 onwards. This in-depth study helps to explain how and why the global monetary system has functioned since the middle of the nineteenth century.

Coping with Crisis

Coping with Crisis PDF Author: Makoto Kasuya
Publisher: OUP Oxford
ISBN: 9780199259311
Category : Business & Economics
Languages : en
Pages : 266

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Book Description
This is a comparative examination of financial institutions in the inter-war period of the UK, US, Germany, France and Japan. In this latest addition to the prestigious FUJI Business History Series, the contributors to the volume analyze the ways in which different institutions coped with the financial crises at this time, and how they competed with each other. They also ask how this affected the financial climates of the countries in question. The discussion is divided into three parts: commercial banking, universal banking and insurance and securities.

Centres and Peripheries in Banking

Centres and Peripheries in Banking PDF Author: Even Lange
Publisher: Routledge
ISBN: 1351952935
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
This volume presents a broad investigation into the relationship between the centre and the periphery in banking. Focusing on the historical development of financial markets, from their emergence in the early modern period to today's global financial and capital markets, the chapters investigate how local, national and international relationships have affected and helped shape the banking industry over three-hundred years. This wide-ranging discussion in time and place is provided by a group of international experts, encompassing bankers, economists, economic historians and historians, and will be of interest to all those with a scholarly or professional interest in the development of financial institutions.

Institutional Change in Japan

Institutional Change in Japan PDF Author: Magnus Blomström
Publisher: Routledge
ISBN: 113418056X
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
This is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system. After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan’s struggle has called into question the ability of the country’s economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century. This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.

The Best Course Available

The Best Course Available PDF Author: Wakaizumi Kei
Publisher: University of Hawaii Press
ISBN: 9780824821463
Category : Political Science
Languages : en
Pages : 388

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Book Description
This volume affords a fascinating and rare look at the sensitive issue of nuclear diplomacy between two critical Cold War allies, the United States and Japan, during the 1960s. Challenging the silence of the official bureaucracies in Washington and Tokyo, Wakaizumi Kei reveals the truth behind the secret 1969 agreement that ensured the eventual reversion of Okinawa to Japanese jurisdiction in 1972. Revelation of this secret accord created considerable controversy in Japan when Wakaizumi's memoir was first published in 1994. With the publication of this translation, his description of the events leading up to the closed-door agreement is available to an English-language audience for the first time. At a time when security matters are once again predominant in the U.S.-Japan alliance, Professor Wakaizumi's account is a timely reminder of the gap between official, media-filtered descriptions of diplomatic relations and the private discussions of national leaders. The long-standing reluctance of the Japanese government to declassify its postwar diplomatic records has meant that Japan's side of its relationship with the U.S. has been only partially revealed. The Best Course Available attempts to correct this shortcoming and at the same time provides insight into the complicated and arcane process of foreign policymaking, national leadership, and domestic politics in Japan after 1945.