Japanese Resistance to American Financial Hegemony

This book investigates why the convergence of Japan's bank-centered financial system to an American-style capital market-based model has lost steam since the mid-2000s, despite financial deregulation during the 1980s and 1990s.

Autorentext

Fumihito Gotoh is a Teaching and Research Fellow in the Department of Politics and International Studies at the University of Warwick. His research interests include East Asian and Japanese politics and political economies, comparative capitalisms, and the politics and sociology of finance. Previously, he was a senior credit analyst in Tokyo for the Industrial Bank of Japan, Merrill Lynch, and UBS.

Inhalt

1. Introduction

2. Networks, Norms, and Alliances

3. Japan's Financial System and Persistence of Systemic Support

4. The Politics of the Japanese Credit Rating Industry

5. Japan's Ideational Developments and Corporate Governance

6. The Dilution of Systemic Support and Growing Contradictions

7. Conclusion