High cost of reality
Article Abstract:
The Japanese capital market surprisingly developed only during the later half of the 1980s. Japanese industry, which had depended on bank financing after World War II, did not consider the corporate bond market as important enough. However, with the dramatic growth of the country's automobile and electronics industry overseas and their exposure to the joys of engaging in the Eurobond market as well as the spiralling of stockmarket prices, the capital markets began to gain importance. The late rally meant higher cost of financing but the tremendous amount cash available for investing in the stock markets was a real boon.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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To Russia with pride
Article Abstract:
Japan is urging the Commonwealth of Independent States (CIS) to adopt the country's economy as a model for the economic restructuring programs of the CIS. A Japanese report to the CIS emphasizes the need for centrally planned economic guidelines, in contrast to the proposal of the International Monetary Fund (IMF) that espouses free market principles for the economies of the CIS. The acceptance of the IMF proposal will make the CIS eligible for a $24 billion economic aid package. On the other hand, Japan wants to settle the northern territories dispute with the CIS before it gives any aid.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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