Japan: Meso-corporatism and Industrial Power

Michael Moran

Chapter 4 in The Politics of the Financial Services Revolution, 1991, pp 88-120 from Palgrave Macmillan

Abstract: Abstract Japanese institutions are now central to the world financial services revolution. The most obvious signs of this centrality are the sheer size of Japanese financial services firms and their astonishing success in world markets in the 1980s. Japanese banks dominate the standard rankings of the world’s largest banks. Japanese institutions now have a larger market share than do their American rivals in London, the world’s leading international banking centre outside Japan. Three of the five top underwriters in the Eurobond market in 1987 were Japanese (Nomura, Daiwa and Yamaichi).1 By most measures of stock value Tokyo is the world’s leading stock exchange. During the 1980s Japan emerged as the world’s leading creditor nation, playing a central role in funding the American Federal deficit.

Keywords: Financial Service; Price Competition; Inside Trading; Liberal Democratic Party; Japanese Market (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37789-9_4

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DOI: 10.1057/9780230377899_4

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