This first full length expose in English of Japan's all-power institution, the Ministry of Finance, not only reveals the inner workings of the Ministry but also sounds a warning about the impact of its growing abuses of power on world financial markets. Japan's Ministry of Finance-the mighty Okurasho-controls the majority of the country's largest corporations, banks, and national financial institutions. Yet, it bows to neither Parliament nor the Prime Minister. In effect, its actions can sway the Japanese economy and affect financial markets worldwide. The real danger lies in the fact that it has focused on nation building at any cost, acting increasingly from pure unenlightened self interest-as evidenced by its role in the recent Daiwa scandal. This timely and engaging book sound a warning that any manager, investor, or regulator who deals with world markets, and especially with Japan, cannot afford to ignore.
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