The Japanese Banking Crisis

The Japanese Banking Crisis
Author: Ryozo Himino
Publisher: Springer Nature
Total Pages: 127
Release: 2021-01-07
Genre: Business & Economics
ISBN: 9811595984

This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world’s manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan.

Investing Japan

Investing Japan
Author: Simon James Bytheway
Publisher: BRILL
Total Pages: 316
Release: 2020-05-11
Genre: History
ISBN: 1684175453

"Investing Japan demonstrates that foreign investment is a vital and misunderstood aspect of Japan’s modern economic development. The drive to become a modern industrial power from the 1860s to the 1930s necessitated the adoption and internalization of foreign knowledge. This goal could only be achieved by working within the overarching financial and technological frameworks of Western capitalism. Foreign borrowing, supported by the gold standard, was the crux of Japan’s pre-war capital formation. It simultaneously financed domestic industrial development, the conduct of war, and territorial expansion on the Asian continent. Foreign borrowing also financed the establishment of infrastructure in Japan’s largest cities, the nationalization of railways, the interlinked capital-raising programs of “special banks” and parastatal companies, and the rapid electrification of Japanese industry in the 1920s. Simon James Bytheway investigates the role played by foreign companies in the Japanese experience of modernization while highlighting their identity as key agents in the processes of industrialization and technology transfer. Investing Japan delivers a complex, multifaceted analysis, intersecting with the histories of formal and informal economic imperialism, diplomacy, war financing, domestic and international financial markets, parastatal and multinational enterprise, and Japan’s “internationalization” vis-à-vis the emerging global market."

The Encyclopedia of the Industrial Revolution in World History

The Encyclopedia of the Industrial Revolution in World History
Author: Kenneth E. Hendrickson
Publisher: Rowman & Littlefield
Total Pages: 1145
Release: 2014-11-25
Genre: History
ISBN: 0810888882

As editor Kenneth E. Hendrickson, III, notes in his introduction: “Since the end of the nineteenth-century, industrialization has become a global phenomenon. After the relative completion of the advanced industrial economies of the West after 1945, patterns of rapid economic change invaded societies beyond western Europe, North America, the Commonwealth, and Japan.” In The Encyclopedia of the Industrial Revolution in World History contributors survey the Industrial Revolution as a world historical phenomenon rather than through the traditional lens of a development largely restricted to Western society. The Encyclopedia of the Industrial Revolution in World History is a three-volume work of over 1,000 entries on the rise and spread of the Industrial Revolution across the world. Entries comprise accessible but scholarly explorations of topics from the “aerospace industry” to “zaibatsu.” Contributor articles not only address topics of technology and technical innovation but emphasize the individual human and social experience of industrialization. Entries include generous selections of biographical figures and human communities, with articles on entrepreneurs, working men and women, families, and organizations. They also cover legal developments, disasters, and the environmental impact of the Industrial Revolution. Each entry also includes cross-references and a brief list of suggested readings to alert readers to more detailed information. The Encyclopedia of the Industrial Revolution in World History includes over 300 illustrations, as well as artfully selected, extended quotations from key primary sources, from Thomas Malthus’ “Essay on the Principal of Population” to Arthur Young’s look at Birmingham, England in 1791. This work is the perfect reference work for anyone conducting research in the areas of technology, business, economics, and history on a world historical scale.

Sveriges Riksbank and the History of Central Banking

Sveriges Riksbank and the History of Central Banking
Author: Tor Jacobson
Publisher:
Total Pages: 527
Release: 2018-05-24
Genre: Business & Economics
ISBN: 1107193109

Offers a comprehensive analysis of the historical experiences of monetary policymaking of the world's largest central banks. Written in celebration of the 350th anniversary of the central bank of Sweden, Sveriges Riksbank. Includes chapters on other banks around the world written by leading economic scholars.

Japan's Financial Slump

Japan's Financial Slump
Author: Yasushi Suzuki
Publisher: Springer
Total Pages: 235
Release: 2011-04-19
Genre: Business & Economics
ISBN: 0230307701

This book evaluates the salient features of Japanese relation-based banking, particularly in the post war period, and Anglo-American mode of banking to explain the nature and extent of transition failure that caused prolonged financial and economic slump in Japan.

After the Asian Crisis

After the Asian Crisis
Author: Toshihiko Hozumi
Publisher: Lit Verlag
Total Pages: 572
Release: 2003
Genre: Business & Economics
ISBN:

This book is the result of a cooperation between the Postgraduate Course of Aichi University in Toyohashi, Japan and the Institute of World Economics and International Management of Bremen University, Germany. Research groups of the two universities on "Schumpeter and Asian Development" work since 1996 on various aspects of Asian Development, and cooperate in conferences, workshops, publications and translations, exchange of professors and students. This book is the result of a conference that took place in Toyohashi, Japan where the two research groups assessed the situation After the Asian Crisis. By using Schumpeterian and other scientific approaches the two groups came to important conclusions with regard to the impacts of the Asian Crisis on the future of the region. The book highlights impressively the work of the two research groups on issues of dynamic development and crisis in Asia.

Creating Modern Capitalism

Creating Modern Capitalism
Author: Thomas K. McCraw
Publisher: Harvard University Press
Total Pages: 760
Release: 1998-01-02
Genre: Business & Economics
ISBN: 0674256204

What explains the national economic success of the United States, Britain, Germany, and Japan? What can be learned from the long-term championship performances of leading business firms in each country? How important were specific innovations by individual entrepreneurs? And in the end, what is the true nature of capitalist development?The Pulitzer Prize–winning historian Thomas K. McCraw and his coauthors present penetrating answers to these questions. Creating Modern Capitalism is the first book to explain for a broad audience the interconnections among technological innovation, management science, the power of entrepreneurship, and national economic growth. The authors approach each question from a comparative framework and with a unique triple focus on national economic systems, particular companies, and individual business leaders.Above all, the book focuses on how specific entrepreneurs influenced the economic success of their countries: Josiah Wedgwood and Henry Royce in Britain; August Thyssen and Georg von Siemens in Germany; Henry Ford, Alfred Sloan, and the two Thomas J. Watsons in the United States; Sakichi Toyoda, Masatoshi Ito, and Toshifumi Suzuki in Japan.The product of a three-year collaborative effort at the Harvard Business School, the book combines cutting-edge scholarship with a finely tuned sense of the art of management. It will engage general readers as well as those with a special interest in entrepreneurship and the evolution of national business systems.

Japanese Banks and the Asset Price "Bubble"

Japanese Banks and the Asset Price
Author: Mr.Steven M. Fries
Publisher: International Monetary Fund
Total Pages: 52
Release: 1993-11-01
Genre: Business & Economics
ISBN: 1451954301

With the recent collapse of the asset price “bubble,” Japanese banks encountered significant pressure from both a sharp decline in the value of equity holdings and a marked increase in bad loans. In August 1992, the Government initiated measures that stabilized equity prices and assisted banks in managing their nonperforming loans. While the major banks disclosed that 4.6 percent of their total loans were nonperforming at the end of FY 1992, a mechanical estimate of all banks’ nonperforming and restructured loans is 6-7 percent of their total loans--a serious yet manageable problem. The main policy implications are to ensure the reasonably prompt resolution of the bad loan problem and to enhance market discipline to prevent its recurrence.