This book, first published in 1994, takes a broad look at the reasons behind the failure of foreign banks to penetrate Japanese financial markets. It accepts the common argument that the Japanese bureaucracy has skilfully limited the scope of foreign banks and discusses at length the methods used to do so. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of the foreign banks and governments has also been a major factor.
1. A Question of Balance 2. Entry and Occupation 3. Behind the Shoji Curtain 4. Foreign Penetration in the 1970s 5. Breakdown of Consensus: Reform of the Japanese Financial Markets 6. The Yen/Dollar Accord 7. Reform and Foreign Pressure 8. Treasury Versus United States Trade Representative 9. Breaking the Log Jam: The Reform Process and the Ministry of Finance 10. Pushing Against the Envelope: Citibank in Japan 11. The Opportunities 12. The Opportunities Foregone 13. Shared Responsibility
This set examines a vast range of topics covering all experiences of business and economics from across Asia. Dealing with early banking systems in China; the industrialisation of Korea and Taiwan; the evolution of Japanese business practices; economic development; protectionist policies; industrial investment; trade; tourism; and a host of other topics, the books collected here form a vital reference resource across a wide subject area.