Japanese Firms During the Lost Two Decades

Explore the intricate dynamics of Japanese corporations in "Japanese Firms During the Lost Two Decades" by Jun-ichi Nakamura. Published by Springer Verlag in 2016, this insightful paperback spans 73 pages and delves into the corporate financial landscape of Japan during a challenging economic period. Utilizing a comprehensive dataset from the Development Bank of Japan, Nakamura presents compelling empirical evidence that highlights how overly conservative financial policies among well-performing firms contributed to the sluggish reallocation of productive resources following the recovery of 'zombie' firms. This book is essential for anyone interested in finance, corporate strategy, and the unique challenges faced by Japanese firms in the past two decades. Discover how these factors shaped the corporate environment and what lessons can be learned for future economic resilience.