© 1999

The Political Economy of Japanese Financial Markets

Myths versus Reality


Part of the International Political Economy Series book series (IPES)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Development of the Intermediated Structure

    1. Front Matter
      Pages 1-1
    2. Dick Beason, Jason James
      Pages 3-22
    3. Dick Beason, Jason James
      Pages 41-64
  3. Breakdown and Towards Maturity

    1. Front Matter
      Pages 65-65
    2. Dick Beason, Jason James
      Pages 67-81
    3. Dick Beason, Jason James
      Pages 82-100
  4. Institutions

    1. Front Matter
      Pages 101-101
    2. Dick Beason, Jason James
      Pages 159-171
  5. Some Sticky Questions

    1. Front Matter
      Pages 207-207
    2. Dick Beason, Jason James
      Pages 209-228
    3. Dick Beason, Jason James
      Pages 229-290
    4. Dick Beason, Jason James
      Pages 291-292
  6. Back Matter
    Pages 293-304

About this book


The authors examine various aspects of Japanese financial markets. This analysis is interspersed with the relevant institutional/historical background on Japanese financial markets necessary for the non-specialist. Principal chapters include: an institutional overview, a chapter on comparative cost of capital (both internationally and among Japanese firms); causes and implications of the high degree of financial intermediation in Japan and an invaluable analysis of the most recent trends in the Japanese/Asian financial markets.

Authors and affiliations

  1. 1.University of AlbertaCanada
  2. 2.HSBC SecuritiesTokyoJapan

About the authors

RICHARD BEASON is Associate Professor in the Faculty of Business, the University of Alberta, Canada

JASON JAMES is a strategist at James Cabel, Tokyo.

Bibliographic information

Industry Sectors
Finance, Business & Banking


"This is a useful handbook for anyone contemplating investing in Japanese markets." - Foreign Affairs

" combines a solid grounding in economic theory with an empirical richness that would require a year's subscription to Euromoney and Institutional Investor to match...I would recommend this book..." - Journal of Asian Studies