Japan Inc. On the Brink - Institutional Corruption and Agency Failure

"Based on the assessment of entrenched vested interests in Japan's political economy and the rigidity of the Japan Inc model, this book contends that structural reforms, the essential third arrow in Abe's 'Abenomics', will not happen. As a result, Abenomics is merely a combination of reckless monetary policy and ambiguous fiscal policies which will fail to regenerate Japan's fragile economy and cut sovereign debt. Japan Inc. on the Brink evaluates the consequences of Japan's protectionist policies throughout the post-war period on Japan's' current economic dilemma and details the continuing impact of the bursting of the asset-inflated bubble in 1989, discussing (i) the tendency of Japanese firms to over-invest and abandon their core competencies since the mid-1980s: (ii) creditor-corporate relations (percentages of shares and directorships); (ii) why large business failed during the past two decades, despite continuous capital investment and loans from creditors; (iv) why banks continued to loan to zombie companies; (v) reasons for the reticence of banks to change banking behaviour despite more regulation and monitoring by the MOF and FSA; (v) institutional corruption leading to agency failure"--

List of contents

INTRODUCTION 1. Back to Basics? 2. THE SIGN OF THE TIMES: Japan Inc (1955-1974) 3. The Route to Heaven-on-Earth 4. Pork-barrel Politics in the Prefectures: the winners 5. The Japanese Economic Miracle: Japan Inc on Center Stage 6. The Roaring 80s: The Bicycle Economy Out of Control 7. The Metamorphous of Sanraku Inc 8. The Martini, Glenfiddich and Babycham Marathons 9. Marketing and Advertising Strategies: What's it all About? 10. Bubble, Bubble Turmoil and Trouble 11. Special Corporations: Insatiable 12. The Skill at Disguising 13. The Price of Pork-barrel Patronage: Beggars Can't be Choosers 14. Still Bubbling

Product details

• Authors: S Carpenter, S. Carpenter, Susan Carpenter
• Publisher: Palgrave UK
• Languages: English
• Product format: Hardback
• Released: 27.11.2014
• EAN: 9781137469434
• ISBN: 978-1-137-46943-4
• No. of pages: 335
• Subjects: Social sciences, law, business > Business > Management; Management, Operations Research, B, Leadership, Business Strategy/Leadership, Business & management, Economic history, International business, Operations Research/Decision Theory, Operations Research and Decision Theory, International Economics, Management & management techniques, Management decision making, Management science, Operational research, Decision Making, International business enterprises, Business Strategy and Leadership, Palgrave Business & Management Collection, Japan;marketing;monetary policy;strategy