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
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