Japan Inc. on the Brink [electronic resource] : Institutional Corruption and Agency Failure /
Carpenter, S.author.
This book contends that structural reforms, the essential third arrow in Abe's 'Abenomics', will not happen. As a result, Abenomics is merely a combination of reckless monetary policy and ambiguous fiscal policies which will fail to regenerate Japan's fragile economy and cut sovereign debt.
Description based upon print version of record.
Cover; Contents; Acknowledgments; Foreword by James Clunie; Annual Average Exchange Rates; List of Acronyms and Abbreviations; Introduction; Revealing the genuine Japan Inc.; Special Corporations: too hot to handle; A welcome endorsement; Accentuate the positive: the Japan Inc. syndrome; The creation of a Wizard of Oz economy: why did commentators get it wrong?; The constraints on first-hand observation and investigation; In defense of Japan's major dailies: detailed coverage but not in English; What you see is not what you get; Seeing is believing; Research methodology; Objectives
1 Back to Basics?Kishi's legacy is Abe's legacy; Deputy Prime Minister Taro Aso: Abe's side-kick; Birds of a feather; Abe's political agenda; Japan Inc.: in the beginning; Collaboration between the bureaucracy and big business:the beginning of a beautiful relationship (ministerial guidance and protectionism); Expansion and outward investment in East Asia: the beginning of an antagonistic relationship; A recession spurs corporate diversification into heavy industries; The alliance between MCI and big business: the conception of post-war industrial policy; Fascism comes to the fore
The Second World War intensifies ministerial powersThe 'main bank' system; Reverse reforms: maintaining Japan Inc.; The 1955 system': Kishi, the renegade power-broker; Kishi the money-man; 2 The Sign of the Times: Japan Inc. (1955-1974); Money doesn't grow on trees; Fiscal Investment Loan Program; The hollowing out of rural Japan: building frenzy; Nixon's shock: the end of the Gold Standard and fixed exchange rates; Big shock: 1973 oil embargo shakes up MITI's industrial policies (but not for long); Temporary hysteria; MITI at the controls; Nuclear power: the pillar of Japan's energy supply
MITI's industrial policies restructured but not MITI's mind-setMITI's Fujitsu vs. IBM: David and Goliath; US-Japan relations: unwilling bedfellows; To market, to market; The struggle to take control of distribution; Hello Japan Inc.!; 3 The Route to Heaven-on-Earth; Amakudari in IAIs and affiliated institutions: theme and variation; Amakudari in IAIs: bid-rigging; Japanese dailies go after amakudari; Amakudari: a no-win situation?; 4 Pork-Barrel Politics in the Prefectures: The Winners; Prime Minister Kakuei Tanaka: Mr. Japan Inc. and the art of pork-barrel patronage
Noboru Takeshita: a Tanaka protégéBig bucks for big business; The world's biggest nuclear power plant: Tanaka's treat; It's not nice to fool Mother Nature; The most dangerous power plant in the world; Aomori Prefecture's no. 1 industry: nuclear power; The utilities sweeten the pot for political parties; The price of pork-barrel patronage: the towns that can't say 'no'; Pork-barrel patronage: the beggars; 5 The Japanese Economic Miracle: Japan Inc. on Center Stage; MITI's Large-Scale Retail Store Law protects Japan Inc. but not Japanese consumers; Isao Nakauchi the renegade retailer
Nakauchi goes full-speed ahead
Includes bibliographical references and index.
This book contends that structural reforms, the essential third arrow in Abe's 'Abenomics', will not happen. As a result, Abenomics is merely a combination of reckless monetary policy and ambiguous fiscal policies which will fail to regenerate Japan's fragile economy and cut sovereign debt.
Leadership.
International business enterprises.
Management.
Economic history.
International economics.
Operations research.
Decision making.
Business Strategy/Leadership.
International Business.
Management.
Economic History.
International Economics.
Operations Research/Decision Theory.