Japanese Financial Markets book cover

Japanese Financial Markets

The first edition of Japanese Financial Markets established itself as a standard work on one of the most important financial centres in the world. Since then there have been substantial changes, most notably a serious financial crisis and major subsequent reforms of the financial system. Written by leading analysts from the prestigious Nomura Group, this authoritative second edition explains these changes and their consequences for the current structure and operation of the country's financial markets.

The book is arranged in four main sections:

  • Part one provides an overview of the recent performance of Japan's financial markets, the crisis in the 1990s, government reforms and the subsequent 'Big Bang' in the country's financial system.
  • Part two looks at the range of participants in the market, from individual investors, public sector and corporate pension funds to investment trusts, government bond issues and the equity market. This section of the book also discusses cross-border money flows, monetary policy and the regulatory framework.
  • Part three discusses the markets themselves, covering the money and bond markets, trading in equities and securities and the venture capital market.
  • Part four considers current problems and likely future developments in the financial system.
This major new edition of Japanese Financial Markets is essential reading for fund managers, institutional investors, financial analysts and all those concerned with one of the world's most important financial markets.

Hardbound, 496 Pages

Published: October 2002

Imprint: Woodhead Publishing

ISBN: 978-1-85573-596-5

Contents

  • Part 1 Overview: The historical performance of Japan’s financial markets; The financial system crisis and the financial Big Bang in Japan. Part 2 Market participants: Individual investors and the investment-saving balance; Asset management by the private sector: Postal savings, Kanpo and public pensions; Corporate pension funds; Investment trusts; Banks and insurance companies as institutional investors; Cross-border money flows and the exchange rate; The government and the public bond primary market; Corporate finance in Japan; The Bank of Japan’s monetary policy; The Financial Services Agency; The securities exchanges. Part 3 The markets: The money market; The fixed income secondary market; The equity trading market; Equity cross-shareholdings; The securitisation market; The venture capital market. Part 4 The future: Issues for the future.

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