Japanese Resistance to American Financial Hegemony

Explore the intricate dynamics of global finance in Japanese Resistance to American Financial Hegemony by Fumihito Gotoh. Published by Taylor & Francis Ltd in 2019, this compelling hardback spans 180 pages and delves into the reasons behind Japan's reluctance to fully embrace an American-style capital market-based financial model. Despite the significant financial deregulation that occurred during the 1980s and 1990s, the convergence of Japan’s bank-centered financial system has stagnated since the mid-2000s. Gotoh provides a thorough analysis of the economic conditions and policies that have influenced this resistance, making it a vital read for anyone interested in finance, foreign economic relations, and the unique characteristics of Japan's financial landscape. Discover the complexities of this topic and gain insights into the ongoing debates surrounding capitalism and economic policy in Japan.