Publisher's Synopsis
Detailed and factual information about the domestic and international competitive position of major Japanese banks and securities is presented in this volume. The book provides vast coverage of available literature on the subject in the Japanese, German and English languages. This is further complemented by extensive interviews with industry experts in Japan and officials of the Japanese Ministry of Finance. The book investigates whether Japan and its financial institutions provide international liquidity to the rest of the world in its own currency. The dramatic expansion of Japanese banks and securities companies in Europe is examined in detail. The book focuses upon the organizational aspects of their presence and reviews their market strategies and performance. The explanation for their dramatic expansion is found in the competitive advantages available to them and the favourable macroeconomic conditions prevailing in Japan during the 1980s. A regression model of the Japanese banks' expansion in Europe and two case studies of the Japanese financial presence in Europe reinforce the findings of the study.
