Introduction and Summary

Yasushi Suzuki

Chapter 1 in Japan’s Financial Slump, 2011, pp 1-15 from Palgrave Macmillan

Abstract: Abstract In the 1980s, Japan’s financial system — and, in particular, its banking system — was the largest in the world. In terms of loan asset size nine of the world’s top ten banks were Japanese, including the Long-Term Credit Bank of Japan Limited (LTCB). They were expanding their international banking operations vigorously and accounted for 34 per cent of the world’s international lending business, supported in part by the strength of the Japanese Yen. Today, the picture is very different. In contrast to the buoyant 1980s, the ‘bank-led’ financial system has been in a slump. The LTCB collapsed in October 1998. Japanese banks, with the exception of the Mitsubishi-UFJ Financial Group,1 no longer rank among the world’s top ten and their credit ratings have declined dramatically.

Keywords: Transaction Cost Economic; Japanese Economy; Main Bank; Client Firm; Japanese Bank (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30770-4_1

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DOI: 10.1057/9780230307704_1

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