1st Edition

Japan's Financial Revolution and How American Firms are Profiting

By Stephen M. Harner Copyright 2000
    304 Pages
    by Routledge

    304 Pages
    by Routledge

    This book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors.

    Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit.

    Introduction Part One Japan's Changing Financial Marketplace Chapter One Major Features of Japan's Financial Marketplace Chapter Two The Big Bang-Now and Tomorrow Part Two The Playing Fields Chapter Three Banking Sector Imbroglio Chapter Four Securities Industry Shakeout Chapter Five Insurance Industry in Crisis Chapter Six The Pension Market: The Asset Management Industry Chapter Seven The Mutual Fund Industry Chapter Eight The Outsiders: The Consumer Finance Industry Part Three Choosing Sides and Closing Ranks Chapter Nine Japan Marketplace Financial Groups and Affiliations Chapter Ten Survival Strategies Among the Japanese Majors Chapter Eleven Mavericks and Upstarts Part Four The Major Foreign Players Chapter Twelve The Perennial Players: Citibank and AIG Chapter Thirteen The Bold Innovators: Merrill Lynch and Citigroup Chapter Fourteen GE Capital's Awesome Assault Chapter Fifteen High-Tech Zaitech: Morgan Stanley Dean Witter and Goldman Sachs Chapter Sixteen Aiming High and Low: American Express and Associates First Capital Chapter Seventeen Proven (and Unproven) Winners: Fidelity, AFLAC, Prudential, DLJ Direct Part Five How Foreign Financial Firms Can Win in Japan Chapter Eighteen Japan's Financial Marketplace in 2005 Chapter Nineteen Winning Strategies in Japan's Post-Big Bang Financial Marketplace

    Biography

    Harner, Stephen M.