E-Book Overview
The authors examine various aspects of Japanese financial markets. This analysis is interspersed with the relevant institutional/historical background on Japanese financial markets necessary for the non-specialist. Principal chapters include: an institutional overview; a chapter on the comparative costs of capital (both internationally and among Japanese firms); causes and implications of the high degree of financial intermediation in Japan; and an invaluable analysis of the most recent trends in the Japanese/Asian financial markets.
E-Book Content
The Political Economy of Japanese Financial Markets Myths versus Reality Dick Beason and Jason James INTERNATIONAL POLITICAL ECONOMY SERIES General Editor: Timothy M. Shaw, Professor of Political Science and International Development Studies, and Director of the Centre for Foreign Policy Studies, Dalhousie University, Halifax, Nova Scotia Recent titles include: Pradeep Agrawal, Subir V. Gokarn, Veena Mishra, Kirit S. Parikh and Kunal Sen ECONOMIC RESTRUCTURING IN EAST ASIA AND INDIA: Perspectives on Policy Reform Deborah Bräutigam CHINESE AID AND AFRICAN DEVELOPMENT: Exporting Green Revolution Steve Chan, Cal Clark and Danny Lam (editors) BEYOND THE DEVELOPMENTAL STATE: East Asia’s Political Economies Reconsidered Jennifer Clapp ADJUSTMENT AND AGRICULTURE IN AFRICA: Farmers, the State and the World Bank in Guinea Robert W. Cox (editor) THE NEW REALISM: Perspectives on Multilateralism and World Order Ann Denholm Crosby DILEMMAS IN DEFENCE DECISION-MAKING: Constructing Canada’s Role in NORAD, 1958–96 Diane Ethier ECONOMIC ADJUSTMENT IN NEW DEMOCRACIES: Lessons from Southern Europe Stephen Gill (editor) GLOBALIZATION, DEMOCRATIZATION AND MULTILATERALISM Jeffrey Henderson (editor), assisted by Karoly Balaton and Gyorgy Lengyel INDUSTRIAL TRANSFORMATION IN EASTERN EUROPE IN THE LIGHT OF THE EAST ASIAN EXPERIENCE Jacques Hersh and Johannes Dragsbaek Schmidt (editors) THE AFTERMATH OF ‘REAL EXISTING SOCIALISM’ IN EASTERN EUROPE, Volume 1: Between Western Europe and East Asia David Hulme and Michael Edwards (editors) NGOs, STATES AND DONORS: Too Close for Comfort? Staffan Lindberg and Árni Sverrisson (editors) SOCIAL MOVEMENTS IN DEVELOPMENT: The Challenge of Globalization and Democratization Anne Lorentzen and Marianne Rostgaard (editors) THE AFTERMATH OF ‘REAL EXISTING SOCIALISM’ IN EASTERN EUROPE, Volume 2: People and Technology in the Process of Transition Stephen D. McDowell GLOBALIZATION, LIBERALIZATION AND POLICY CHANGE: A Political Economy of India’s Communications Sector Juan Antonio Morales and Gary McMahon (editors) ECONOMIC POLICY AND THE TRANSITION TO DEMOCRACY: The Latin American Experience Ted Schrecker (editor) SURVIVING GLOBALISM: The Social and Environmental Challenges Ann Seidman, Robert B. Seidman and Janice Payne (editors) LEGISLATIVE DRAFTING FOR MARKET REFORM: Some Lessons from China Caroline Thomas and Peter Wilkin (editors) GLOBALIZATION AND THE SOUTH Kenneth P. Thomas CAPITAL BEYOND BORDERS: States and Firms in the Auto Industry, 1960–94 Geoffrey R. D. Underhill (editor) THE NEW WORLD ORDER IN INTERNATIONAL FINANCE Henry Veltmeyer, James Petras and Steve Vieux NEOLIBERALISM AND CLASS CONFLICT IN LATIN AMERICA: A Comparative Perspective on the Political Economy of Structural Adjustment Robert Wolfe FARM WARS: The Political Economy of Agriculture and the International Trade Regime International Political Economy Series Series Standing Order ISBN 0–333–71708–2 hardcover Series Standing Order ISBN 0–333–71110–6 paperback (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Departmen