IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-21284-2_8.html
   My bibliography  Save this book chapter

Banker to the World: Managing oceans of cash, stocks, and bonds

In: Japanese Industrial Targeting

Author

Listed:
  • William R. Nester

    (St John’s University)

Abstract

Japan is the world’s financial superpower, and its financial clout is mind-boggling. In 1989, Japan had the world’s eight largest banks, sixteen of the top twenty-five, and twenty-three of the top fifty. Japanese financial institutions held 36% of the total international bank assets at the end of June 1988, compared with 14% for American institutions. Leader of the bank gang, Dai-ichi Kangyo, sits on $384 billion in assets and $69 billion in shares. But Dai-ichi in turn is dwarfed by Japan’s postal savings system which has four times the assets of Japan’s thirteen commercial banks combined. Led by Nomura, Japan also has the world’s four largest securities firms, while Japan’s Nippon Life is the world’s largest life insurance corporation. Tokyo is second only to London as the world’s largest lending center, and if current growth rates hold will be number-one by the early 1990s. Tokyo and Osaka are the world’s first and third largest stock exchanges, respectively.1

Suggested Citation

  • William R. Nester, 1991. "Banker to the World: Managing oceans of cash, stocks, and bonds," Palgrave Macmillan Books, in: Japanese Industrial Targeting, chapter 7, pages 207-254, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21284-2_8
    DOI: 10.1007/978-1-349-21284-2_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-21284-2_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.