Japanese Resistance to American Financial Hegemony: Global versus Domestic Social Norms

Author:   Fumihito Gotoh
Publisher:   Taylor & Francis Ltd
ISBN:  

9780367345303


Pages:   180
Publication Date:   08 October 2019
Format:   Hardback
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Japanese Resistance to American Financial Hegemony: Global versus Domestic Social Norms


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Full Product Details

Author:   Fumihito Gotoh
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.430kg
ISBN:  

9780367345303


ISBN 10:   0367345307
Pages:   180
Publication Date:   08 October 2019
Audience:   College/higher education ,  Postgraduate, Research & Scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. Introduction 2. Networks, Norms, and Alliances 3. Japan’s Financial System and Persistence of Systemic Support 4. The Politics of the Japanese Credit Rating Industry 5. Japan’s Ideational Developments and Corporate Governance 6. The Dilution of Systemic Support and Growing Contradictions 7. Conclusion

Reviews

In the 1980s and 1990s financial deregulation was launched with great fanfare in Japan. In this book Gotoh tells an often overlooked story of how these `Big Bang' reforms faltered and US-style capitalism was resisted. It is written with care and precision, highlighting the continuing challenges for Japan and the lessons for us all . - Professor Hugo Dobson, School of East Asian Studies, University of Sheffield, UK. The Japanese government enacted substantial financial and corporate governance reforms since the 1980s, yet Japan never converged on the US equity-based financial model. Fumihito Gotoh masterfully unravels this puzzle by demonstrating how the opponents of reform waged an ideological battle against the proponents of neoliberal reforms. They resisted American financial hegemony to preserve valued institutions, such as collaborative labor-management relations and long-term business partnerships. - Professor Steven K. Vogel, Charles and Louise Travers Department of Political Science, University of California, USA.


In the 1980s and 1990s financial deregulation was launched with great fanfare in Japan. In this book Gotoh tells an often overlooked story of how these `Big Bang' reforms faltered and US-style capitalism was resisted. It is written with care and precision, highlighting the continuing challenges for Japan and the lessons for us all . - Professor Hugo Dobson, School of East Asian Studies, University of Sheffield, UK. The Japanese government enacted substantial financial and corporate governance reforms since the 1980s, yet Japan never converged on the US equity-based financial model. Fumihito Gotoh masterfully unravels this puzzle by demonstrating how the opponents of reform waged an ideological battle against the proponents of neoliberal reforms. They resisted American financial hegemony to preserve valued institutions, such as collaborative labor-management relations and long-term business partnerships. - Professor Steven K. Vogel, Charles and Louise Travers Department of Political Science, University of California Berkeley, USA.


Author Information

Fumihito Gotoh is a Teaching and Research Fellow in the Department of Politics and International Studies at the University of Warwick. His research interests include East Asian and Japanese politics and political economies, comparative capitalisms, and the politics and sociology of finance. Previously, he was a senior credit analyst in Tokyo for the Industrial Bank of Japan, Merrill Lynch, and UBS.

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