[skip to content]

Department of Financial and Management Studies (DeFiMS)

Management in Japan II

Course Code:
15PFMC077
Unit value:
0.5
Taught in:
Term 2

This core course continues the examination of the Japanese managerial context, with more emphasis on the 1990s and the economic and financial sector difficulties of that decade, and the changes in the economic, social and managerial environment and in corporate strategy involved in renewed growth subsequently.

Objectives and learning outcomes of the course

The overall objectives of the course are to:

  • describe, explain and analyse the main features of the changing Japanese business environment after the 'golden age' og high speed growth
  • examine some of the changes in the characteristics of firms and inter-firm relationships, including financial firms, in Japan after the high-growth era
  • examine some changes in government-firm relationships in the 1990s including 'deregulation' of finance
  • consider the implications of changes in the business world and firm environment for managerial strategies and choices including overseas investment

By the end of the course students should be able to:

  • explain the key events in the chronology of the lower-growth period as a context for business evolution
  • analyse responses to financial deregulation by financial and non-financial firms
  • analyse the evolution of interfirm relationships in Japan, including changes to keiretsu structures (such as holding companies and changes in relationships between financial and non-financial firms)
  • discuss the importance of foreign direct investment from, and to, Japan
  • analyse changes to the labour market and 'lifetime employment' in large firms
  • discuss the role of demographic change for the Japanese consumer and Japanese business

Method of assessment

Assessment for this course is by one tutorial presentation at 10%; an essay of 4,000 words at 30%; an unseen written examination at 60% of the total grade; all elements except the presentation may be resubmitted

Suggested reading

Set Reading
  • Blomström, Gangnes & La Croix eds. (2001). Japan’s New Economy: continuity and change in the twenty-first century. Oxford University Press.
  • Hoshi, T and Kashyap, A. (2001), Corporate Financing and Governance in Japan, MIT Press
Advised Textbooks
  • Aoki,M and Patrick,H (1994), The Japanese Main Bank System, Oxford University Press
  • Banno,J (1997), The Political Economy of Japanese Society (2 ols),Oxford University Press
  • Basu,D and Miroshnik,V (2000), Japanese Foreign Investments 1970-1998, M.E.Sharpe, Inc
  • Dore, R (2000), Stock Market Capitalism: Welfare Capitalism, Oxford University Press.
  • Drysdale, P and Gower, L (1999), The Japanese Economy, Part 2 Vols V and VII, Routledge
  • Flath, D (2000) The Japanese Economy, Oxford University Press
  • Goodman, R. (2002), Family and Social Policy in Japan, Cambridge: Cambridge University Press
  • Hoshi, T and Patrick, P (2000), Crisis and Change in the Japanese Financial System, Kluwer Academic Publishers
  • Jackson, K and Tomioka, M (2003), The Changing Face of Japanese Management, Routledge
  • Malcolm, J. (2001), Financial Globalisation and the Opening of the Japanese Economy, Curzon
  • Mikitani, R and Posen, A (2000), Japan’s Financial Crisis and its Parallels to US Experience, Washington, Institute for International Economics
Advised Papers
  • A study pack and reading list will be provided at the start of the course.