Remember the banking crisis of 2008? It was the result of high financial risks taken by bankers and the failure of regulators to rein in their excesses. Since then bankers have been about as popular as the plague ! Wouldn't it be fun to imagine a new world where many bankers have been made redundant ! Most have been redeployed or recycled. Some are still seeking employment. Others have created their own ideas for survival. Sit back and enjoy !
First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.
How did the Japanese achieve their unrivalled position in world banking? This book, first published in 1995, provides a full account in English of the banking industry in Japan for the century following the opening of the country to the outside world in 1859. Professor Tamaki begins by considering the period of experimentation during the Meiji Restoration which resulted in the adoption of the Gold Standard in 1891. He then offers a detailed examination of the highly profitable years up to the end of the First World War and of the subsequent crisis which was hastened by the earthquake that devastated Tokyo and Yokohama in 1923 and sealed by the financial collapse of 1927. New light is thrown on the extraordinary role played by the banking industry during the period of military expansionism which culminated with defeat in the Second World War. The book ends with an assessment of the post-war financial system which developed out of the Macarthur directives and the subsequent American 'democratisation' programme.