Routledge Japanese Resistance to American Financial Hegemony

Explore the complex dynamics of Japan's financial landscape in this scholarly work from the RIPE Series in Global Political Economy. This book examines why the expected shift from Japan's bank-centered system toward an American-style capital market model slowed down after the mid-2000s, even after years of deregulation in the 1980s and 1990s. Readers will gain a deep understanding of the ideational conflicts occurring among Japanese elites. The text analyzes the struggle between market liberalization proponents and anti-free market groups. By looking at the operations of American and Japanese credit rating agencies in Tokyo, the book provides a clear view of how global and domestic norms clash. This study also investigates the roles of major industrial associations, specifically Keidanren and Doyukai. It explores how these organizations act as platforms for Japanese corporations and influence the direction of the national economy. This is an essential resource for anyone studying global political economy, Japanese financial systems, or the impact of international financial standards on domestic social norms.