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Corporate Governance Practices in Post-Bubble Japan: Adapting to the Globalizing Economies of the Twenty-First Century

In: Changing Corporate Governance Practices in China and Japan

Author

Listed:
  • Masao Nakamura

Abstract

The burst of Japan’s financial bubble in 1990 triggered a long recession in the Japanese economy. It lasted well into the early 2000s, and both Japanese firms and households suffered from the lack of economic growth for many years. Japanese banks’ massive bad-loan problems limited their ability to finance business firms. Lacking the traditional source of bank financing and facing severe competition from abroad at the same time, the global competitiveness many Japanese firms enjoyed in the 1980s was all but lost.

Suggested Citation

  • Masao Nakamura, 2008. "Corporate Governance Practices in Post-Bubble Japan: Adapting to the Globalizing Economies of the Twenty-First Century," Palgrave Macmillan Books, in: Masao Nakamura (ed.), Changing Corporate Governance Practices in China and Japan, chapter 7, pages 113-152, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59515-6_7
    DOI: 10.1057/9780230595156_7
    as

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