Japanese Political History since the Meiji Renovation 1868–2000

Sims, Richard

doi:10.1007/978-1-349-63240-4

Cited by 68 publications

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“…The sole exception is the formation of the Hiranuma cabinet in January 1939. For a general presentation of the political context and main events of the 1930s, see, for example, Sims, Japanese political history .…”

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confidence: 99%

Informational efficiency in theTokyoStockExchange, 1931–40

Bassino

Lagoarde‐Segot

2015

The Economic History Review

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This article relies on a unique dataset of daily price indices for stocks and bonds to analyse the functioning of the Tokyo Stock Exchange (TSE) in the period 1931-40. We find that this market deviated from weak-form efficiency, in a context of crossmarket segmentation, short-run spillovers, and turmoil surrounding major events. In this context, zaibatsu insiders were able to make abnormal returns via informed trading, while other uninformed investors could rely on technical rules to make abnormal profits. Such findings call for a micro-level analysis of the interwar TSE corporate financing function.

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confidence: 99%

Informational efficiency in theTokyoStockExchange, 1931–40

Bassino

Lagoarde‐Segot

2015

The Economic History Review

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“…14 Among our principal sources of information are Ellis (1941), Salera (1941), Nurkse (1944), andDiaz-Alejandro (1984). 15 Data for these variables are drawn from Bartolini (2000), Caramani (2000), Paxton (1978, 1998), Daalder (1987), Flora (1983), Hughes and Graham (1968), International IDEA (2002), Jaramillo, Leon-Roesch and Nohlen (1989), Mackie and Rose (1982), Sims (2001), Skidmore and Smith (1992), von Beyme (1970,1985), and Woldendorp et al (1993Woldendorp et al ( , 1998. 16 We exclude the war years (1914-18 and 1940-44) and the transitional years between the Bretton Woods system of pegged but adjustable exchange rates and the post-Bretton Woods float .…”

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confidence: 99%

Exchange Rates and Cohesion: Historical Perspectives and Political‐Economy Considerations

Eichengreen

Leblang

2003

J of Common Market Studies

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We consider the political economy of exchange rate choice and its implications for economic growth from an historical perspective. Previous studies have tended to find only a weak association between the choice of exchange rate regime on the one hand and growth and cohesion on the other. Our findings confirm this negative result, but then go on to explain it by showing that the implications of the exchange rate regime for growth and cohesion are context-specific. They show that the choice of entry rate is important and that when the global monetary regime operates as an engine of deflation it is inadvisable for countries to link up to it. We draw out the implications of these findings for the debate over Britain and the euro. Copyright (c) Blackwell Publishing Ltd 2003.

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“…The first realignment: 1994 Electoral reform To understand how the Japanese party system transitioned from the so-called "1955 system" to the parallel voting system, and how this transition affected the body politic, we have to understand the catalyst for such change. In 1994, under the coalition government, the Diet passed an electoral reform that created a new system -a parallel single-memberdistrict along with proportional representation (SMD-PR), 6 and restricted the rules for electoral funding and spending (Sims 2001). One of the main reasons for the electoral reform was a mistaken consensus, established during the early 1990s, that the Japanese electoral system "was primarily responsible for factionalism, money politics, the power of special interests… [and] an emphasis on personality rather than policy in voting behavior, and LDP one-party dominance" (Curtis 1999, 142).…”

Section: Party Realignments In Perspectivementioning

confidence: 99%

“…In this system, the LDP could maintain a steady majority in both houses of the Diet in spite of its internal divisions. Issues such as clientelism, links to big business and specialized policy-making groups, considered important for such electoral prowess, also facilitated electoral corruption, leading to incidents such as the Recruit and Sagawa cases 3 in the late-1980s and early-1990s (Sims 2001). The revealing of such scandals led to public distrust of the LDP government.…”

Section: Introductionmentioning

confidence: 99%

Family Feud, or Realpolitik?

Silva

2021

IAPSS Politikon

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In this contribution, I use the breakup – just short of the 2017 General Election – of Japan’s former second biggest political party, the Democratic Party of Japan (DPJ), as a case study so as to assess the practical implications of splits and realignments in the most relevant party split in Japan since the DPJ was ousted from government in 2012. First, I examine DPJ’s origin as an umbrella for ideologically diverse groups that opposed the conservative Liberal Democratic Party (LDP) – the government party in Japan throughout most of its post-war history, its tendency to factionalism, and the oftentimes damaging role the factional dynamics played in the party’s decision-making process throughout the years. In the case study, it is understood that the creation of the Party of Hope – a split from the LDP, and the salience of constitutional issues were exogenous factors particular to that election, which helped causing the DPJ split.

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Japanese Political History since the Meiji Renovation 1868–2000

Cited by 68 publications

References 0 publications

Informational efficiency in theTokyoStockExchange, 1931–40

Informational efficiency in theTokyoStockExchange, 1931–40

Exchange Rates and Cohesion: Historical Perspectives and Political‐Economy Considerations

Family Feud, or Realpolitik?

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