The political economy of Japanese financial markets : myths versus reality

Private sector and quasi-government organization posts which 'fall from heaven' to former bureaucrats. Effectively the central government which emerged during the Edo period which kept potentially rivalrous feudal factions at bay and de facto usurped the authority of the emperor. The coordinated administration of the bakufu or central government and the han, or fief. The historical antecedent of coordinated central and local government. Feudal lord. Strong yen. Used to describe the secular rise in the value of the yen as well as periodic bouts of yen strength. Foreign pressure, such as diplomatic pressure. Qualified or certified securities salesperson. A repurchase agreement (Repo) instrument. Essentially a free rate short-term money market instrument. Feudal fief. Mortgage home loan affiliates of Japanese banks. A non-bank structure. The Postal Insurance Corporation. The form of corporate grouping prevalent in modern Japan, characterized by cross shareholdings, a main bank and usually affiliated with a trading house. Member xii "Global issues have become an increasingly vital part of environmental debates. They are closely interrelated with problems at local levels. In this wide-ranging study, Robert Boardman argues that investigation of environmental issues raises complex theoretical questions, and requires more sustained links between the natural and social sciences.". "In a closely integrated account of problems in critical ecological theory, Boardman draws extensively on current research in sociology, ecology, economics, the earth sciences and other disciplines. He suggests that ideas from these can be used to expand attention to and the understanding of environmental issues in international relations and international political economy, as well as in social theory more generally.". "The discussion identifies five main theoretical bases for these tasks. These are ecology and earth-system science; constructionist approaches; environmental ethics; micro-level research, particularly perspectives based on rational expectations and on agency; and governance. Connections among these are examined in the context of debates on economics globlization and ecological transformation."--BOOK JACKET. The Farm War of the early 1980s caused subsequent disruptions in world markets, conflicts among major governments and disagreements in international organizations. The Uruguay Round of GATT negotiations, ostensibly devoted to the new issues of globalization, dragged on from 1986 to 1993 in an attempt to end farm-subsidy battles. Wolfe shows how and why battles over agricultural protectionism were largely resolved through the Round, demonstrating that the global economy is not self-regulating; it needs institutions if it is to be stable. The Green Box, a core provision of The Agreement on Agriculture, shows how states can decide that certain types of policies should be immune from international regulation by the new World Trade Organization, an elegant compromise between the imperatives of responding to global change and maintaining democratic accountability. Wolfe's analysis will be helpful for planners of the next set of farm trade talks, due to begin in 1999, while the annotated text of The Agreement on Agriculture will be especially useful in introducing students to the complexities of trade policy Front Matter....Pages i-xvi Front Matter....Pages 1-1 Introduction....Pages 3-22 2 The High Degree of Intermediation: the Financial Structure, 1954–75....Pages 23-40 Towards a More Liberal Structure....Pages 41-64 Front Matter....Pages 65-65 End of the Party (but not the end of the world)....Pages 67-81 Japan’s Financial Crisis....Pages 82-100 Front Matter....Pages 101-101 Institutions, Accounting Practices and Incentives in Japanese Equity and Other Financial Markets....Pages 103-158 Political Change and the Financial Markets....Pages 159-171 Public Funds, ‘Price-Keeping Operations’, Deregulation and ‘Big Bang’....Pages 172-206 Front Matter....Pages 207-207 The Cost of Capital in Japan and Semantics of the Bubble....Pages 209-228 Japanese Equity Market Valuation....Pages 229-290 Concluding Remarks....Pages 291-292 Back Matter....Pages 293-304 List Of Tables And Figure -- Acknowledgements -- List Of Abbreviations -- Introduction: The Intersection Of Risk And Trade -- Science In The Regulation Of Risk : A Transatlantic Divide? -- Informal Trade Conflict -- Mad Cows And Transatlantic Trade Conflict -- Resolving Differences Over Stinky Cheese And Bothersome Beetles -- Formal Trade Conflict -- The Dispute Over Hormonal Cattle : The Lead Up To Ec-hormones -- Fearing Frankenfoods : Emergence Of Ec-biotech -- Disputing Chlorinated Chickens : The Politics Underpinning Ec-poultry -- Science And The Politics Of Transatlantic Trade Conflict -- Conclusions: Lessons For Trade Conflict -- Moving Forward -- Conclusions -- Notes -- Bibliography. David J. Hornsby, Senior Lecturer In International Relations, University Of Witwatersrand, South Africa. Includes Bibliographical References. Internationally the trade union movement is finding itself peripheralized by a series of mutually reinforcing processes - the ongoing world economic crisis; the uneven transition from an industrial to an information and service capitalism; the aggressive policies of neoliberalism; the collapse of communism and radical nationalism; the decline of the social-democratic or labour tradition - and by a globalization that undermines the nation-state to which union hopes have long been pinned. The editors argue that this crisis provides an opportunity for labour to recover or reinvent itself. They see this in terms of a labour response to the waves of energy coming from the new global social movements (women, ecology, human rights/democracy, and so on). Sri Lanka is hailed internationally for its high standards of education despite rather modest levels of economic growth. Much of this achievement has been underpinned by economic revenues generated by the labours of the plantation community whose own achievements in education fell well below the national norm. In recent years, however, educational participation among this community has increased. Why, and how? A day in the life of Vickneswari provides the starting-point for an analysis of educational progress among the Tamil plantation community. 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 This book examines the effect of post-Soviet transitions on current problem solving trends with regards to world capitalism. The fall of Soviet communism left liberal capitalism as the dominant blueprint from which to construct economic development policies. Using Central Europe as an example it is shown that the application of the Western liberal-capitalist model has not been without its difficulties. This book endeavours to place the changes to the global political economy, since 1989, in a theoretical and historical context "Many in South Africa have begun to cope with globalization, regionalization, a depleting ozone layer, new disease, rampant militarization, and structures of influence like race, class, and gender. In this book scholars present a wide variety of thoughts on the future of the region and the place of theory in helping us to understand the array of events characterizing the early 21st-century world."--Jacket 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 the comparative cost of capital Written in the context of contemporary theoretical debate in international political economy, this book overturns a number of myths about the political economy of trade in one of the oldest areas of industry. Yvon Grenier ; Foreword By Mitchell A. Seligson. Includes Bibliographical References (p. 215-218) And Index.