How Regional Financial Institutions Can Promote Regional Revitalization in Japan: Results from a 2017 Survey on Regional Finance

Yamori, Nobuyoshi; Tomimura, Kei

doi:10.1007/978-981-32-9679-4_1

Cited by 24 publications

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“…The distinctive characteristic of Shinkin banks is that they have a strong relationship of mutual trust with their customers and communities. Only neighbouring residents and small businesses are eligible for membership in Shinkin banks (Yamori, 2022).…”

Section: Shinkin Bank Industrymentioning

confidence: 99%

Effects of consolidation of cooperative financial institutions in Japan: Evidence from meta‐frontier analysis

Yamori

Harimaya

2022

Int. J Fin Econ

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This study investigates the regional differences in how consolidation has affected the efficiency of Shinkin banks, a representative cooperative financial institution in Japan, using the stochastic meta‐frontier approach based on cost and profit functions. The findings support the quiet life hypothesis that a significant negative relationship exists between efficiency‐adjusted Lerner indices and cost efficiency. By contrast, the relation between market power and profit efficiency is consistently positive. Moreover, independent Shinkin banks not involved in mergers exhibit higher costs and profit efficiency than other banks, suggesting that mergers can deteriorate efficiency.

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Section: Shinkin Bank Industrymentioning

confidence: 99%

Effects of consolidation of cooperative financial institutions in Japan: Evidence from meta‐frontier analysis

Yamori

Harimaya

2022

Int. J Fin Econ

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The Contest for Japan's Economic Future

Katz

2024

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Social, economic, and technological megatrends are giving Japan its best chance at economic recovery in a generation. Just as entrepreneurship created Japan’s postwar economic miracle, it will take a new generation of entrepreneurs (nicknamed gazelles) to propel revival. At present, Japan suffers one of the lowest rates of innovative, high-growth entrepreneurship among rich countries. Fortunately, six socioeconomic megatrends are breaking down the ability of incumbent corporate giants (nicknamed elephants) and their political allies to block new challengers. For example, so-called lifetime employment has traditionally made it very hard for newcomers to recruit needed staff. Banks, often allied with the big incumbents, lend less to new companies. A distribution system dominated by incumbents has made it hard for newcomers to get their products on store shelves. This is being changed by the megatrends. Generational changes in attitudes about work and gender relations are leading more talented people to create new innovative firms and others to work for them. The latter includes ambitious women who are regularly denied promotions at traditional companies. In the form of e-commerce, technology enables tens of thousands of newcomers to bypass the distribution system and reach tens of millions of customers. Three decades of low growth and the consequences of aging have increased political demands for a solution. While progress remains difficult due to resistance by powerful forces, fissures are emerging within the government and business community. Some factions try to promote more startups, while others resist making the needed changes in regulations, taxes, and budgets. The contention among these forces will determine the outcome.

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Katz

2024

The Contest for Japan's Economic Future

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How Regional Financial Institutions Can Promote Regional Revitalization in Japan: Results from a 2017 Survey on Regional Finance

Cited by 24 publications

References 0 publications

Effects of consolidation of cooperative financial institutions in Japan: Evidence from meta‐frontier analysis

Effects of consolidation of cooperative financial institutions in Japan: Evidence from meta‐frontier analysis

The Contest for Japan's Economic Future

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