Must Read

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Japan Center for Economic Research: The U.S.-Sparked Financial Crisis and the Japanese Financial System

Author: Mitsuhiro Fukao
October 1, 2008

Share

This Japan Center for Economic Research report analyzes how the U.S. financial crisis has affected Japanese financial institutions.

Excerpt: The American subprime mess has at length grown and deepened into a financial calamity of global proportions. Having ventured into new and uncharted waters of finance, several major Wall Street investment banks have successively found themselves on the rocks, highlighting the dangers of the business models they have relied on thus far to achieve such dramatic growth through maximum exploitation of leverage.

In our present report, we analyze the impact of the American financial crisis on Japanese financial institutions. We examine the business models and operational strategies of such financial institutions as regional banks, credit associations (or shinkin banks), credit cooperatives and Shinginko Tokyo. We also look at financial business targeting elderly customers, which has received growing attention in recent years. Finally, we comment on the monetary policy of China, which has significant impact on the Japanese economy.

Full Text of Document

More on This Topic

Article

A Still-Strong Alliance

Author: Charles A. Kupchan
Policy Review

Charles A. Kupchan argues that the Atlantic alliance is remarkably resilient, but it must now face the urgent challenge of economic and...

Must Read

FP: Couples Retreat

Author: Mira Kamdar

Mira Kamdar, a senior fellow at the World Policy Institute and an award-winning author, analyzes the rocky relationship between French...