CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 96-H241-35
 TITLE: Japanese Financial System.
 SOURCE: Committee on Banking and Financial Services. House
 DOC TYPE: Hearing                   COLLATION: iii+132 p.
 DATE: Oct. 16, 1995
 CONGRESS-SESSION: 104-1             SUDOC: Y4.B22/1:104-38
 ITEM NO: 1013-A; 1013-B

 Committee Serial No. 104-38. Hearing to examine the outlook for the
 Japanese financial system and banks, including implications of current and
 potential systemic instability for U.S. and world economies.
   Supplementary material (p. 45-132) includes witnesses' written
 statements.
 CONTENT NOTATION: Japan financial and banking system review
 DESCRIPTORS (and special content notations): JAPAN (Financial and banking
     system review); INTERNATIONAL.FINANCE; FOREIGN.ECONOMIC.RELATIONS;
     BANKS AND BANKING; BUSINESS CYCLES

 96-H241-35 TESTIMONY NO: 1         Oct. 16, 1995 p. 5-43, 54-132
 WITNESSES (and witness notations):
     OGAWA, ALICIA (Director, Equity Research, Salomon Brothers)
     ALIBER, ROBERT Z. (Professor, International Economics and Finance,
        University of Chicago)
     UEKI, HIROSHI (Chief Economist, D.C. Office, Nikko Research Center)
     CALDER, KENT E. (Director, Program on U.S.-Japan Relations, Woodrow
        Wilson School, Princeton University)
     ATKINSON, DAVID (Vice President, Research, Goldman Sachs and Co)
 STATEMENTS AND DISCUSSION: Views on health of Japanese financial system
     and banking sector, with implications for U.S. and world economies;
     factors contributing to weakness of Japanese banking system, including
     asset quality deterioration; analysis of current weakness of Japanese
     finance system in context of political economy issues.
       Opinions on Japanese policy options to address real estate-related bad
     debt problem; relationship between Japanese economic conditions and
     financial system weakness; assertions regarding current and prospective
     disequilibrium of Japanese financial system.
       Analysis of alternative approaches to recapitalization of Japanese
     banks and financial firms; cause and effects of Japanese nonperforming
     loan problem, including specifics on financial weakness of specialized
     real-estate finance companies.
 INSERTION: 
     -- Atkinson, D. (et al.), "What Banking Crisis? Beware of Form Over
        Substance" Japan Research, July 24, 1995 (p. 118-132).
 CONTENT NOTATION: Japan financial and banking system review
 DESCRIPTORS: LOANS; REAL ESTATE BUSINESS; CAPITAL FORMATION; MORTGAGES;
     NIKKO RESEARCH CENTER; GOLDMAN SACHS AND CO.