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Vol 22 No 5 May/June 2017

Book of the Month

Cover of Arlidge, Eady & Smith on Contempt

Arlidge, Eady & Smith on Contempt

Edited by: Patricia Londono, David Eady, A.T.H. Smith, Rt. Hon Lord Eassie
Price: £319.00

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Opening Japan's Financial Markets

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ISBN13: 9780415108447
ISBN: 0415108446
Published: May 1994
Publisher: Taylor & Francis
Format: Hardback
Price: Out of print

It is often accepted, outside Japan, that the failure of foreign banks to penetrate the Japanese financial markets is the direct result of domestic protectionist policies. However, although there may be some truth in this it is a rather one-dimensional argument. Opening Japan's Financial Markets takes a broader look at the situation. It accepts that the Japanese bureaucracy have skilfully limited the scope of foreign banks and discusses at length the methods used to do so. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of foreign banks and governments has also been a major factor. By suggesting that some of the fault lies with the foreign banking community, the book argues that solutions designed to punish' the Japanese, such as some forms of managed trade, are inappropriate. Rather, the author argues for a change of approach. This would include greater understanding and commitment to the market. Above all though the US government, in trying to induce the Japanese to liberalize, must put its own house in order. Professor Brown has been researching this work for a number of years. The bulk of it is based upon inte

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