Investing Japan: Foreign Capital, Monetary Standards, and Economic Development, 1859–2011

Awards:   Nominated for ICAS Book Prize 2017 Nominated for John K. Fairbank Prize in East Asian History 2015
Author:   Simon James Bytheway
Publisher:   Harvard University, Asia Center
ISBN:  

9780674417137


Pages:   304
Publication Date:   24 November 2014
Format:   Hardback
Availability:   In Print   Availability explained
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Investing Japan: Foreign Capital, Monetary Standards, and Economic Development, 1859–2011


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Awards

  • Nominated for ICAS Book Prize 2017
  • Nominated for John K. Fairbank Prize in East Asian History 2015

Overview

Investing Japan demonstrates that foreign investment is a vital and misunderstood aspect of Japan's modern economic development. The drive to become a modern industrial power from the 1860s to the 1930s necessitated the adoption and internalization of foreign knowledge. This goal could only be achieved by working within the overarching financial and technological frameworks of Western capitalism. Foreign borrowing, supported by the gold standard, was the crux of Japan's pre-war capital formation. It simultaneously financed domestic industrial development, the conduct of war, and territorial expansion on the Asian continent. Foreign borrowing also financed the establishment of infrastructure in Japan's largest cities, the nationalization of railways, the interlinked capital-raising programs of ""special banks"" and parastatal companies, and the rapid electrification of Japanese industry in the 1920s. Simon James Bytheway investigates the role played by foreign companies in the Japanese experience of modernization while highlighting their identity as key agents in the processes of industrialization and technology transfer. Investing Japan delivers a complex, multifaceted analysis, intersecting with the histories of formal and informal economic imperialism, diplomacy, war financing, domestic and international financial markets, parastatal and multinational enterprise, and Japan's ""internationalization"" vis-Ã-vis the emerging global market.

Full Product Details

Author:   Simon James Bytheway
Publisher:   Harvard University, Asia Center
Imprint:   Harvard University, Asia Center
Dimensions:   Width: 15.20cm , Height: 2.80cm , Length: 22.90cm
Weight:   0.572kg
ISBN:  

9780674417137


ISBN 10:   0674417135
Pages:   304
Publication Date:   24 November 2014
Audience:   Professional and scholarly ,  College/higher education ,  Professional and scholarly ,  Professional & Vocational ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Reviews

Bytheway s study is a tour de force. He has delved into multiple archives and an extensive array of Japanese and English-language sources to come up with a masterly description of Japanese foreign borrowing over a century and a half. His command of the Japanese sources is particularly impressive.--Richard Smethurst, University of Pittsburgh


A brilliant treatise in economic history.--Jerry Bowyer Forbes (04/23/2015)


<b>Bytheway</b> s study is a tour de force. He has delved into multiple archives and an extensive array of Japanese and English-language sources to come up with a masterly description of Japanese foreign borrowing over a century and a half. His command of the Japanese sources is particularly impressive.--Richard Smethurst, University of Pittsburgh


Author Information

Simon James Bytheway is Associate Professor of Financial History at the College of Commerce, Nihon University, Tokyo.

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