University of Hertfordshire

The Japanese balance sheet recession 20 years on: Abenomics – solution or corporate financialisation?

Research output: Chapter in Book/Report/Conference proceedingChapter

Standard

The Japanese balance sheet recession 20 years on : Abenomics – solution or corporate financialisation? / Karwowski, Ewa; Shabani, Mimoza.

Unconventional Monetary Policy and Financial Stability: The Case of Japan. Routledge, 2020.

Research output: Chapter in Book/Report/Conference proceedingChapter

Harvard

Karwowski, E & Shabani, M 2020, The Japanese balance sheet recession 20 years on: Abenomics – solution or corporate financialisation? in Unconventional Monetary Policy and Financial Stability: The Case of Japan. Routledge.

APA

Karwowski, E., & Shabani, M. (2020). The Japanese balance sheet recession 20 years on: Abenomics – solution or corporate financialisation? In Unconventional Monetary Policy and Financial Stability: The Case of Japan Routledge.

Vancouver

Karwowski E, Shabani M. The Japanese balance sheet recession 20 years on: Abenomics – solution or corporate financialisation? In Unconventional Monetary Policy and Financial Stability: The Case of Japan. Routledge. 2020

Author

Karwowski, Ewa ; Shabani, Mimoza. / The Japanese balance sheet recession 20 years on : Abenomics – solution or corporate financialisation?. Unconventional Monetary Policy and Financial Stability: The Case of Japan. Routledge, 2020.

Bibtex

@inbook{eb00b1cf429843229439af25923e08bc,
title = "The Japanese balance sheet recession 20 years on: Abenomics – solution or corporate financialisation?",
abstract = "We conduct an analysis of Japanese firms{\textquoteright} income sources (a la Krippner, 2005) and their balance sheets, using flow of funds data. Given our results, we argue then that Abenomics has neither led to a sustainable recovery in firms{\textquoteright} spending nor to their financialisation. It is important to acknowledge instances where households, firms or entire economies do not show signs of financialisation instead of labelling their deviating characteristics as signs of {\textquoteleft}variegated financialisation{\textquoteright}. Overstretching the financialisation concept – as some critics argue has already happened (Toporowski & Michell, 2011; Christophers, 2012) – will render it vague and devoid of meaning. Our original contribution is, thereforel, twofold: On the one hand, we provide an assessment of the effectiveness of Abenomics in stimulating corporate investment. On the other hand, we assess whether Japan can comprehended as a financialised economy. ",
author = "Ewa Karwowski and Mimoza Shabani",
note = "{\textcopyright} 2020. This is the accepted manuscript version of a chapter which has been published in final form at https://www.routledge.com/Unconventional-Monetary-Policy-and-Financial-Stability-The-Case-of-Japan/Stenfors-Toporowski/p/book/9780367145958#:~:text=Unconventional%20Monetary%20Policy%20and%20Financial%20Stability%20critically%20assesses%20the%20measures,impact%20on%20the%20financial%20markets.",
year = "2020",
month = jul,
day = "16",
language = "English",
isbn = "9780367145958",
booktitle = "Unconventional Monetary Policy and Financial Stability: The Case of Japan",
publisher = "Routledge",

}

RIS

TY - CHAP

T1 - The Japanese balance sheet recession 20 years on

T2 - Abenomics – solution or corporate financialisation?

AU - Karwowski, Ewa

AU - Shabani, Mimoza

N1 - © 2020. This is the accepted manuscript version of a chapter which has been published in final form at https://www.routledge.com/Unconventional-Monetary-Policy-and-Financial-Stability-The-Case-of-Japan/Stenfors-Toporowski/p/book/9780367145958#:~:text=Unconventional%20Monetary%20Policy%20and%20Financial%20Stability%20critically%20assesses%20the%20measures,impact%20on%20the%20financial%20markets.

PY - 2020/7/16

Y1 - 2020/7/16

N2 - We conduct an analysis of Japanese firms’ income sources (a la Krippner, 2005) and their balance sheets, using flow of funds data. Given our results, we argue then that Abenomics has neither led to a sustainable recovery in firms’ spending nor to their financialisation. It is important to acknowledge instances where households, firms or entire economies do not show signs of financialisation instead of labelling their deviating characteristics as signs of ‘variegated financialisation’. Overstretching the financialisation concept – as some critics argue has already happened (Toporowski & Michell, 2011; Christophers, 2012) – will render it vague and devoid of meaning. Our original contribution is, thereforel, twofold: On the one hand, we provide an assessment of the effectiveness of Abenomics in stimulating corporate investment. On the other hand, we assess whether Japan can comprehended as a financialised economy.

AB - We conduct an analysis of Japanese firms’ income sources (a la Krippner, 2005) and their balance sheets, using flow of funds data. Given our results, we argue then that Abenomics has neither led to a sustainable recovery in firms’ spending nor to their financialisation. It is important to acknowledge instances where households, firms or entire economies do not show signs of financialisation instead of labelling their deviating characteristics as signs of ‘variegated financialisation’. Overstretching the financialisation concept – as some critics argue has already happened (Toporowski & Michell, 2011; Christophers, 2012) – will render it vague and devoid of meaning. Our original contribution is, thereforel, twofold: On the one hand, we provide an assessment of the effectiveness of Abenomics in stimulating corporate investment. On the other hand, we assess whether Japan can comprehended as a financialised economy.

M3 - Chapter

SN - 9780367145958

BT - Unconventional Monetary Policy and Financial Stability: The Case of Japan

PB - Routledge

ER -