Reform and restructuring badlyneeded in Japan

Professional Adviser
clock

The system that sacrificed everything in the pursuit of economic growth has proven too rigid following the collapse of the Japanese economy in 1990 and a programme of deregulation, reform and restructuring is now a necessity

Not so long ago, Japan's economic model and management techniques were the envy of the western world. Japanese products flooded western markets and Japanese asset prices rose precipitously. In late 1989, the market capitalisation of the Tokyo Stock Exchange stood significantly higher than that of the New York Stock Exchange and the grounds of Tokyo's Imperial Palace were supposedly worth more than the whole state of California. Then, in early 1990, the Bank of Japan finally decided enough was enough and, in an attempt to cool down the economy, decided to raise interest rates. The rest is hi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •