Japan S Financial Markets

Author : Junichi Ujiie
Publisher : Elsevier
Page : 496 pages
File Size : 40,7 Mb
Release : 2002-10-31
Category : Business & Economics
ISBN : 9781855738751

Get Book

Japanese Financial Markets by Junichi Ujiie Pdf

The first edition of Japanese Financial Markets established itself as a standard work on one of the most important financial centres in the world. Since then there have been substantial changes, most notably a serious financial crisis and major subsequent reforms of the financial system. Written by leading analysts from the prestigious Nomura Group, this authoritative second edition explains these changes and their consequences for the current structure and operation of the country's financial markets. The book is arranged in four main sections: Part one provides an overview of the recent performance of Japan's financial markets, the crisis in the 1990s, government reforms and the subsequent 'Big Bang' in the country's financial system. Part two looks at the range of participants in the market, from individual investors, public sector and corporate pension funds to investment trusts, government bond issues and the equity market. This section of the book also discusses cross-border money flows, monetary policy and the regulatory framework. Part three discusses the markets themselves, covering the money and bond markets, trading in equities and securities and the venture capital market. Part four considers current problems and likely future developments in the financial system. This major new edition of Japanese Financial Markets is essential reading for fund managers, institutional investors, financial analysts and all those concerned with one of the world's most important financial markets. Comprehensively updated new edition of a standard work Covers all aspects of Japanese financial markets in detail Written by a distinguished banker with unrivalled insight into Japanese financial markets' workings

Author : James Horne
Publisher : Taylor & Francis
Page : 271 pages
File Size : 47,6 Mb
Release : 1985-01-01
Category : Business & Economics
ISBN : 0868617245

Get Book

Japan's Financial Markets by James Horne Pdf

Author : R. Beason,J. James
Publisher : Springer
Page : 315 pages
File Size : 43,6 Mb
Release : 1999-01-19
Category : Political Science
ISBN : 9780230508217

Get Book

The Political Economy of Japanese Financial Markets by R. Beason,J. James Pdf

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 comparative cost 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.

Author : J. Robert Brown, Jr.
Publisher : Routledge
Page : 270 pages
File Size : 45,8 Mb
Release : 2018-11-15
Category : Social Science
ISBN : 9780429768828

Get Book

Opening Japan's Financial Markets by J. Robert Brown, Jr. Pdf

This book, first published in 1994, takes a broad look at the reasons behind the failure of foreign banks to penetrate Japanese financial markets. It accepts the common argument that the Japanese bureaucracy has skilfully limited the scope of foreign banks and discusses at length the methods used to do so. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of the foreign banks and governments has also been a major factor.

Author : Aron Viner
Publisher : Unknown
Page : 128 pages
File Size : 55,6 Mb
Release : 1988
Category : Electronic
ISBN : 4789003787

Get Book

Inside Japan's Financial Markets by Aron Viner Pdf

Author : Ingo Walter,Takato Hiraki
Publisher : Irwin Professional Publishing
Page : 488 pages
File Size : 51,5 Mb
Release : 1993
Category : Capital market
ISBN : UCSD:31822017586264

Get Book

Restructuring Japan's Financial Markets by Ingo Walter,Takato Hiraki Pdf

Author : Takeo Hoshi,Hugh T. Patrick
Publisher : Springer Science & Business Media
Page : 326 pages
File Size : 45,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461543954

Get Book

Crisis and Change in the Japanese Financial System by Takeo Hoshi,Hugh T. Patrick Pdf

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 : Richard S. Thorn
Publisher : Institute of Southeast Asian Studies
Page : 145 pages
File Size : 49,5 Mb
Release : 1987
Category : History
ISBN : 9789971988753

Get Book

The Rising Yen by Richard S. Thorn Pdf

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 : Masahiko Takeda,Philip Turner
Publisher : Unknown
Page : 142 pages
File Size : 49,7 Mb
Release : 1992
Category : Capital market
ISBN : UCSD:31822021560511

Get Book

The Liberalisation of Japan's Financial Markets by Masahiko Takeda,Philip Turner Pdf

Author : Economist Books Staff,Viner
Publisher : Unknown
Page : 128 pages
File Size : 53,9 Mb
Release : 1988-02-01
Category : Electronic
ISBN : 0340415940

Get Book

Economist by Economist Books Staff,Viner Pdf

Author : Aron Viner
Publisher : McGraw-Hill Professional Publishing
Page : 392 pages
File Size : 55,7 Mb
Release : 1988
Category : Capital market
ISBN : UCSD:31822003563350

Get Book

Inside Japanese Financial Markets by Aron Viner Pdf

Author : Dick Beason,Jason James
Publisher : Palgrave Schol, Print UK
Page : 304 pages
File Size : 49,6 Mb
Release : 1998-12-31
Category : Capital market
ISBN : 033357933X

Get Book

The Political Economy of Japanese Financial Markets by Dick Beason,Jason James Pdf

This text examines various aspects of Japanese financial markets. The analysis in the book is interspersed with the institutional and historical background on Japanese financial markets necessary for the non-specialist. Principal chapters include: an institutional overview; the comparative cost of capital (both internationally and among Japanese firms); causes and implications of the high degree of financial intermediation in Japan; and an analysis of trends in the Japanese/Asian financial markets.

Author : Dick Beason,Jason James
Publisher : Palgrave Macmillan
Page : 304 pages
File Size : 49,9 Mb
Release : 1999-01
Category : Business & Economics
ISBN : 0312217307

Get Book

The Political Economy of Japanese Financial Markets by Dick Beason,Jason James Pdf

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.

Author : Takeo Hoshi,Anil K Kashyap
Publisher : MIT Press
Page : 379 pages
File Size : 52,7 Mb
Release : 2004-01-31
Category : Business & Economics
ISBN : 9780262582483

Get Book

Corporate Financing and Governance in Japan by Takeo Hoshi,Anil K Kashyap Pdf

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 : Shinji Takagi
Publisher : Wiley-Blackwell
Page : 560 pages
File Size : 40,8 Mb
Release : 1993
Category : Business & Economics
ISBN : 1557862559

Get Book

Japanese Capital Markets by Shinji Takagi Pdf

Japanese financial markets have grown dramatically and changed substantively in recent years. By surveying institutional changes and studying recent academic analyses, Japanese Capital Markets provides the first relatively non-technical and comprehensive introduction to the new developments in capital and other related markets in Japan. The book is divided into six parts: International Aspects of Japanese Capital Markets; The Framework of Capital Markets; Thte Bond Market; The Equity Market; Futures, Money and Foreign-Exchange Markets; and Investment Trusts and Securities Financing. The editor and contributors have focused primarily on the institutional details of the various markets (including stock markets, bond markets, and futures and options markets). However, there are also chapters on theoretical issues, legal and regulatory issues, and recent policy changes and developments including the foreign-exchange market, securities financing and securities market regulation. The contributors include academics and practitioners from the US, Japan and Europe. They are all recognized experts on the Japanese financial system and they have been commissioned to write on their respective fields of expertise with include economics, finance, banking and law. The book is rich in both institutional and analystical information, some of which has not previously been made available in English. The contributors have also provided new information obtained either from original research or from operational experience.