Description
In response to competition from deregu- lated financial centers around the world and buoyed by the strengths of its own economy, Japan has assumed a leading role in interna- tional financial markets.
Today, the Tokyo Stock Exchange is larger than the New York Stock Exchange-in terms of the market value of its listed com- panies and is far more advanced technologi- cally. The performance of Japanese securities markets is even more impressive. The 15-year average return in dollars of Japanese market- traded stocks has surpassed a bellwether 22 percent while the Japanese market-traded bonds have exceeded 17 percent.
Japanese Capital Markets is a detailed and eminently practical excursion through what are quickly becoming the largest and most important financial markets in the world. It examines the Japanese equity, credit, and futures markets, as well as Japan's already monumental-and growing-impact on the world financial community. Edwin J. Elton and Martin J. Gruber bring together in this volume the world's leading experts on Japanese financial markets to address such topics as:
- the determinants of risk and return in the Japanese securities markets
- the role of mergers and acquisitions in Japan and its correlative impact on shareholder wealth
- a comparison of U.S. and Japanese financial markets
- the key players in Japan's financial community.
ISBN:9780887303395
