Japan is currently suffering its third economic downturn of the past decade. While Japan suffers from a variety of structural problems, the most acute is the crushing burden carried by the banks. They still suffer under the weight of thousands of billions of yen of bad loans resulting from the collapse in asset prices a decade ago. Japan's still unsolved banking crisis constitutes a threat to a large component of the global financial system. Some economists believe that these events were avoidable. Better underwriting by Japanese banks and more prudent monetary policies by the Central Bank of Japan could have prevented the subsequent downturn and losses. It may be impossible to prove that sound policies could have avoided the persistent crisis altogether, but it seems unarguable that better professional underwriting by Japanese banks and more prudent monetary policies by the Central Bank could have mitigated the severity of the economic downturns and reduced huge losses. The model I have constructed analyzes whether the events leading Japan into financial crisis could have been anticipated. The model is a simple multivariate econometric equation estimated monthly data between 1980 and 1990. This model appears to explain much of the variation in non-performing loans during this period. The model simulated during the period 1990 to 2001 indicates that the non-performing loans could have been anticipated. This model or one like it could have given bank regulators basic tools to anticipate the incidence of non-performing loans during the 1990s. Had regulators done so, it might have been possible for them to take those remedial actions that would have limited the subsequent numbers of poorly underwritten loans during the 1990s. / Master of Arts

No description available.

No description available.

This work reviews the topic of international financial linkages, including theoretical definitions and the main methodological approaches of the empirical measurement based on vector autoregressive models. One of the approaches, the Spillover Index methodology based on Diebold & Yilmaz (2009), is then used to analyze the developments of financial linkages of the Japanese stock market in the period from 1995 to 2012. The attention is paid both to the relations with western developed economies and within the region of East Asia. The main contribution of this paper is the fact that it comprises a complete review of international relations of Japanese stock market during the era of unprecedented financial liberalization. The results of the empirical study confirm the opening of Japanese stock markets towards foreign influence. Even though USA have been the major driving force behind the movements in East Asian stock markets, Japan has become a significant regional player, whose influence on East Asian countries has been growing. The developments in the Japanese stock market are on the other hand driven solely by the western developed countries, which further supports the view of Japan as the regional financial leader.

Made available in DSpace on 2016-04-26T18:10:50Z (GMT). No. of bitstreams: 1 Mauricio Soares Capela.pdf: 1234136 bytes, checksum: 14d628bcf9bfdab208ad32e8144116e3 (MD5) Previous issue date: 2011-05-09 / The present dissertation has dealt about the Japan s image using such as the support the economic, politic, legislation, cultural and social relationships between the nation and the Japanese companies, whose the connection has happened through media s speech. By the way, that connection creates a unique environmental for media companies assume the role of adherence into Japanese society post Second War. From that perception, this dissertation identifies some new elements which are in intense dialogue. And these fundamentals don t follow any order. In other words, fluctuate amid generation and sedimentation of conceptions, without sequential movement, but perennial in society. Then, this dialogue should be to serve in a foundation of a fresh cultural relationship, in a bigger meaning, which congregates the rise of women in the labor market, the family dislocation, the entry of foreign capital in the Japanese company, the labor mobility, amongst others. And this innovative scenario demands a new speech from Japanese media companies. The belief in this dazzling relationship, including the new media speech, has substantiated the current visible gap among the old media speech and the society. This gap has been coming from economic crisis, which has served to create a disconnection involving the role of media adherence, principally when its talks about the main user, the Japan Government. There is an absence in this dialogue amid culture, politics, economy, legislation, citizen and media. Therefore, this present dissertation seeks to solidify this perception using articles from Brazilian and foreign newspapers, magazines, web sites, besides looking for some information in press room of other companies. And, besides those, there are numbers and information from the Japan Government, communications researchers, amongst others / A presente dissertação trata da imagem do Japão, tendo como suporte tradutório as relações econômicas, políticas, legais, culturais e sociais entre a nação e a empresa, cujo fio condutor se dá no discurso dos veículos de comunicação. Sendo assim, observam-se as imbricações que formatam o discurso midiático nipônico e seu papel de promover a aderência junto à sociedade japonesa do período após a Segunda Guerra Mundial. Desta forma, tal dissertação identifica novos elementos que se encontram ora em geração ora em sedimentação, em um movimento não sequencial, tampouco justaposto, mas perene na sociedade. E, em intenso diálogo, deverão servir à construção de novas relações culturais, no seu maior sentido, contemplando a ascensão da mulher no mercado de trabalho, a desarticulação familiar, a entrada do capital estrangeiro nas companhias, a mobilidade laboral, o quase fim da associação automática do indivíduo para com a empresa, entre outros. E esses aspectos demandam também nova concepção do discurso dos veículos de comunicação do país. A crença no surgimento dessas novas relações fundamentase em um visível descompasso entre o discurso midiático das décadas de 50 e 90 do século XX e a sociedade. Tal desarranjo deriva, em larga medida, das crises econômicas que acometem o Japão desde a década de 90 do século XX, servindo à desarticulação social e ao paralelo esvaziamento da aderência do discurso midiático por parte de quem o utiliza, o Estado. Ou seja, ausência de diálogo entre cultura, política, economia, legislação, indivíduo e mídia. Portanto, tal trabalho acadêmico solidifica essa percepção com artigos de jornais, revistas, sites brasileiros e do exterior, além de consultas às salas de imprensa das companhias. E também se utiliza de textos de comunicólogos sobre o funcionamento da mídia e dados oficiais do governo japonês

The objective of the thesis is to assess the role of Japan in the world economy with a view to its contemporary role. This role is analyzed with the help of a comparison of the Japanese economy with the economy of the USA an the EU, especially throught their role in world trade.

The dissertation deals with the topic of the mutual trade balance between the Czech Republic and Japan. The main focus is to find the causes of contemporary state of the mutual trade balance. The dissertation research which factors influence it and which factors will influence it in the future and how will the mutual trade balance probably develop in the future. The partial aim of this thesis is to find the possibilities of a concrete company to enter the Japanese market with reference to the market barriers. The dissertation firstly provides the theoretical information includes the topics of the economical development of Japan, Japanese external trade and also the trade between the Czech Republic and Japan. Then there are analyzed various entry barriers of the Japanese market. All the barriers are considered firstly generally and afterward they are applied on the concrete company, which contemporary thinks to enter the Japanese market. There are also discussed other factors, which are important in regard to entry the Japanese market as is transport, the business risk etc. The next part covers the causes of the contemporary mutual trade balance and the possibilities of its future development and possible equalization. There are analyzed factors, which influence the most the mutual trade balance between the Czech Republic and Japan.