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Author: Declan Hayes
Publisher: Tuttle Publishing
ISBN: 1462902006
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Japan's national economy: understanding the history of the current crisis and proposing a path forward The consistent failure of the Japanese bureaucracy and business establishment to meet proper management and regulatory standards has made America's premier ally in Asia a major source of financial instability in today's world. Japan has the world's biggest everbad–debt burden Japan has allowed organized crime to systematically infiltrate its financial institutions Japan's national pension system faces imminent bankruptcy Japan's banks, brokerages, and insurance houses are near insolvency and welded to obsolete practices that hold the entire country and region back Japan's Big Bang traces the hurdles Japan must overcome to once again reign as one of the world's preeminent financial powerhouses. With an academic's analytical eye and the tenacity of a financial beat reporter, Declan Hayes explores the tangled mess that was and is Japan's economy, and explores the remedial action Japan must follow to regain and sustain its position as the economic engine of Asia.
Author: Declan Hayes
Publisher: Tuttle Publishing
ISBN: 1462902006
Category : Business & Economics
Languages : en
Pages : 215
Get Book
Book Description
Japan's national economy: understanding the history of the current crisis and proposing a path forward The consistent failure of the Japanese bureaucracy and business establishment to meet proper management and regulatory standards has made America's premier ally in Asia a major source of financial instability in today's world. Japan has the world's biggest everbad–debt burden Japan has allowed organized crime to systematically infiltrate its financial institutions Japan's national pension system faces imminent bankruptcy Japan's banks, brokerages, and insurance houses are near insolvency and welded to obsolete practices that hold the entire country and region back Japan's Big Bang traces the hurdles Japan must overcome to once again reign as one of the world's preeminent financial powerhouses. With an academic's analytical eye and the tenacity of a financial beat reporter, Declan Hayes explores the tangled mess that was and is Japan's economy, and explores the remedial action Japan must follow to regain and sustain its position as the economic engine of Asia.
Author: Takatoshi Itō
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 42
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Book Description
A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper examines how the bid-ask spread and conditional volatility in the yen/dollar foreign exchange market changed around the time of the deregulation. Intra-day data are analyzed with the following results: (1) Holding constant the effects of volume and volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2) Modeling the persistence in volatility reveals that deregulation lowered conditional volatility.
Author: Tetsuro Toya
Publisher: Oxford University Press
ISBN: 0191537721
Category : Business & Economics
Languages : en
Pages :
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Book Description
In 1996, the Japanese government introduced a policy package initiating massive deregulation and liberalization in the nation's financial sector, referred to as Japan's financial 'Big Bang.' This book argues that the emergence of the Big Bang Initiative poses numerous challenges to conventional interpretations of Japanese politics and represents a clear case of institutional change in Japanese finance. Whereas many observers stress continuity in Japanese politics, this book argues that the emergence in the 1990s of performance failures and scandals attributed to the bureaucracy, as well as the increase in the likelihood of a change in government in this period, led policymaking patterns surrounding the Big Bang to differ radically from those dominating public policymaking in the past. These developments led to change in the nature of the alliance between the ruling Liberal Democratic Party (LDP) and the Ministry of Finance (MOF), to a shift in priorities within the MOF, and to a heightened role for the public in policymaking. The result was that the MOF, long perceived as 'entrenched' and seeking to maximize tangible tokens of organizational power, became more than willing to launch the Big Bang, despite the fact that these reforms would strip the ministry of many of its regulatory tools and sever the ministry's close ties with the financial sector. The book also argues that these new developments prevented financial industry actors from forestalling these reforms, as they had done in the past with other reforms similarly threatening the viability of weaker firms. The findings reveal that not only politicians, but also bureaucrats and interest groups, have reasons to pursue public support to enhance their respective political influence. Consequently, well-organized groups do not always prevail over the unorganized public.
Author: Maximilian Hall
Publisher:
ISBN: 9781899275380
Category : Finance
Languages : en
Pages : 23
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Book Description
Author: Maximilian Hall
Publisher:
ISBN: 9781899275496
Category : Finance
Languages : en
Pages : 22
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Book Description
Author: Tetsuro Toya
Publisher: Oxford University Press
ISBN: 9780199292394
Category : Business & Economics
Languages : en
Pages : 349
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Book Description
Did Japanese politics change in the 1990s? -- A rational actor approach -- How do systems change? : Actors, preferences, strategies, and institutions in financial politics -- Expected economic implications of the big bang -- A political analysis of the emergence of the big bang initiative -- The financial industry and the big bang -- New developments in bureaupluralism : comparing and contrasting the big bang to the 1998 "Financial diet"--Two institutional changes -- Conclusion.
Author: Akio Mikuni
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 6
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Book Description
Author: Peter Del Vecchio
Publisher:
ISBN: 9789623600323
Category : Economic stabilization
Languages : en
Pages : 105
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Book Description
Author: Christopher Weare
Publisher: Institute of Governmental Studies Press
ISBN:
Category : Finance
Languages : en
Pages : 86
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Book Description
Author: Jeremy Seymour Eades
Publisher:
ISBN:
Category : Education, Higher
Languages : en
Pages : 360
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Book Description
On April 1, 2004, Japanese higher education experienced a 'big bang'-a set of reforms that have been described as the most significant institutional changes for over a century. One of the main aims is to make Japanese universities more competitive internationally, by eliminating the differences between national, public and private schools, and by giving them greater autonomy from the state in day-to-day administration and decision-making. At the same time, these institutions are facing an increasing demographic crisis, as they compete for a declining number of potential students, thanks to the falling Japanese birthrate. This book examines these changes from a variety of perspectives, including those of the government, the teachers and the students. Issues examined include the history of Japanese universities, their relation with the state, university management, internationalization, the struggle to attract students, the problems of language teaching, the impact of information technology, and efforts to upgrade the level of research.
