Japanese financial defeat

Author: (Japanese) Hiroshi Takeuchi, translated by Peng Yanzhang
Publisher:
Publishing Date: 1999-07-01
Features: The author is a witness to the rise and fall of the Long Credit Bank. This book begins by analyzing the reasons for the bankruptcy of "Long Bank," combining the lessons learned from Japan and East Asian countries' repeated failures in finance, revealing many little-known facts about the bankruptcy of "Long Bank." It extends to the profound socio-economic roots of Japan's economic system being defeated by the U.S. market economy system, the complete failure of the Ministry of Finance's "protection fleet" management style, and the subsequent loss of financial control, forcing Japan to undergo major financial reforms. The book also specifically discusses technological innovations in the financial industry and introduces the successes and failures of the U.S., revealing the major trends in the development of international finance.