The Rising Yen

The Rising Yen

Author: Richard S. Thorn

Publisher: Institute of Southeast Asian Studies

Published: 1987

Total Pages: 145

ISBN-13: 9971988755

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Japan has become the world's second largest economy and the number one exporter of financial capital. Tokyo has taken its place as a first-tier financial centre alongside London and New York. This study analyses the far-reaching effects of these developments on both Japan and the world capital markets.


Princes of the Yen

Princes of the Yen

Author: Richard Werner

Publisher: Routledge

Published: 2015-03-04

Total Pages: 384

ISBN-13: 131746219X

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This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.


The Japanese Yen as an International Currency

The Japanese Yen as an International Currency

Author: Mr.George S. Tavlas

Publisher: International Monetary Fund

Published: 1991-01-01

Total Pages: 61

ISBN-13: 1451930992

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The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.


Anatomy of Sudden Yen Appreciations

Anatomy of Sudden Yen Appreciations

Author: Mr.Fei Han

Publisher: International Monetary Fund

Published: 2019-07-01

Total Pages: 19

ISBN-13: 1498325394

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The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run the risk of lowering actual and expected inflation, squeezing corporate profits, generating a negative wealth effect through depressed equity prices, and reducing confidence in the Bank of Japan’s efforts to reflate the domestic economy and achieve the inflation target. This paper takes a closer look at underlying drivers of rapid yen appreciations, highlighting the key role of carry-trade and the zero lower bound as important amplifiers.


Saving the Sun

Saving the Sun

Author: Gillian Tett

Publisher: Harper Collins

Published: 2009-10-13

Total Pages: 585

ISBN-13: 0061877638

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Saving the Sun tells the story of the world's largest private equity deal where American investors made billions of dollars rehabilitating Shinsei, a failed Japanese bank. Within that business saga is the dramatic tale of Japan's brightest financial minds, the men who made the Japanese economic miracle come to life, and their struggle against the economic failure in the 1990s. Into this climate of despair, where Japan seemed incapable of reviving prosperity, came a group of wily and determined Americans who would discover just how different the Japanese really are.


Cracking the Japanese Market

Cracking the Japanese Market

Author: James Morgan

Publisher: Simon and Schuster

Published: 1991-04-04

Total Pages: 364

ISBN-13: 1439106401

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Global business today is played by new rules -- many of which are being written by the Japanese and their remarkably successful companies. Because the Japanese are redefining business as we know it, Western companies expecting to profit from the new global marketplace must first learn to compete and succeed against the Japanese in Japan. James C. Morgan, Chairman of Applied Materials, Inc., the leading supplier of advanced processing equipment to the worldwide semiconductor industry which does about forty percent of its business in Japan, and J. Jeffrey Morgan, who has worked in Tokyo on the "inside" at Mitsui & Co., Japan's oldest trading conglomerate, contend that apathy and ignorance have prevented many Western companies from capitalizing on the enormous opportunities for business in Japan. In this brilliant examination of Japanese markets, companies, and business practices -- with special emphasis on the establishment of Applied Materials Japan -- the Morgans, father and son, assert that success in the world of Japanese business is determined by two factors: technology and relationships. Candidly discussing their own mistakes and failures as well as their triumphs, the authors provide invaluable insights into the specific challenges facing Western companies in establishing a presence in Japan: problems in financing the venture, product design and production, marketing and distribution, and most important, creating long-term relationships or "putting on a Japanese face." The extraordinary success of Applied Materials Japan -- hailed by George Bush on the campaign trail in 1988 as "a model for all America" -- is testimony to the valuable lessons to be learned from this book. The Morgans provide a clearly written, step-by-step framework for reorienting company thinking, revising corporate strategy, and revitalizing any organization for world class competitiveness. Using vivid examples of Western companies that have both succeeded admirably and failed miserably in Japan, Cracking the Japanese Market is a straightforward examination of what it takes to compete successfully there -- and by extension in the world today.


The Rise of Fiscal States

The Rise of Fiscal States

Author: Bartolomé Yun-Casalilla

Publisher: Cambridge University Press

Published: 2012-05-24

Total Pages: 495

ISBN-13: 1107013518

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Leading economic historians present a groundbreaking series of country case studies exploring the formation of fiscal states in Eurasia.


Whisky Rising

Whisky Rising

Author: Stefan Van Eycken

Publisher: Cider Mill Press

Published: 2017-04-04

Total Pages: 400

ISBN-13: 1604336978

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"There isn't another guide on the market like it."--Jim Meehan, author of The PDT Cocktail Book. The first, most definitive guide to the exciting revolution happening in the world of Japanese whisky! "Japanese single malts have achieved cult status around the world," wrote Eric Asimov in the New York Times. Indeed, Japanese whiskies have become some of the most sought after and highly valued whiskies in the world. They have blended and melded traditional Scotch and American methods with new ideas, and imbued the whisky with exotic flavors from local Japanese woods to make a unique and signature product that not only rings true of whisky, but also speaks to Japanese terroir. In international competitions they have bested the traditional producer, and they have become absolutely the object of affection in the distilled spirits world! Now here in Whisky Rising, whisky authority and Japanese whisky expert Stefan Van Eycken takes you on a guided tour to some of the most coveted whiskies in the world. This elegant book includes: *Fascinating interviews and profiles with the most celebrated distillers and blenders *Behind-the-scenes look into past and present distilleries *An insider's guide to the best whisky bars *How to drink whisky properly and cocktail recipes *Tasting notes and reviews of THE best Japanese whiskies


Yasukuni Fundamentalism

Yasukuni Fundamentalism

Author: Mark R. Mullins

Publisher: University of Hawaii Press

Published: 2021-07-31

Total Pages: 271

ISBN-13: 0824890167

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Although religious fundamentalism is often thought to be confined to monotheistic “religions of the book,” this study examines the emergence of a fundamentalism rooted in the Shinto tradition and considers its role in shaping postwar Japanese nationalism and politics. Over the past half-century, the Liberal Democratic Party (LDP) and the National Association of Shrines (NAS) have been engaged in collaborative efforts to “recover” or “restore” what was destroyed by the process of imperialist secularization during the Allied Occupation of Japan. Since the disaster years of 1995 and 2011, LDP Diet members and prime ministers have increased their support for a political agenda that aims to revive patriotic education, renationalize Yasukuni Shrine, and revise the constitution. The contested nature of this agenda is evident in the critical responses of religious leaders and public intellectuals, and in their efforts to preserve the postwar gains in democratic institutions and prevent the erosion of individual rights. This timely treatment critically engages the contemporary debates surrounding secularization in light of postwar developments in Japanese religions and sheds new light on the role religion continues to play in the public sphere.