This volume connects the evolving modern financial systems of China, Japan, and Korea to the development and growth of their economies through the first decade of the twenty-first century. It also identifies the commonalities among all three systems while accounting for their social, political,...

A definitive historical record of financial development for three countries, highlighting the centrality of the financial system in each country's economic development and growth. - Provided by publisher

Networks, norms, and alliances -- Japan's financial system and persistence of systemic support -- The politics of the Japanese credit rating industry -- Japan's ideational developments and corporate governance -- The dilution of systemic support and growing contradictions.

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to...