Start reading The Rise and Fall of Abacus Banking in Japan and China on the free Kindle Reading App or on your Kindle in under a minute. Don't have a Kindle? Get your Kindle here.

Deliver to your Kindle or other device

Enter a promotion code
or gift card

Try it free

Sample the beginning of this book for free

Deliver to your Kindle or other device

Sorry, this item is not available in
Image not available for
Image not available

The Rise and Fall of Abacus Banking in Japan and China [Kindle Edition]

Yuko Arayama , Panos Mourdoukoutas

Digital List Price: $122.00 What's this?
Kindle Price: $115.90

Free Kindle Reading App Anybody can read Kindle books—even without a Kindle device—with the FREE Kindle app for smartphones, tablets and computers.

To get the free app, enter your email address or mobile phone number.


Amazon Price New from Used from
Kindle Edition $115.90  
Hardcover $122.00  
Paperback $7.68  
Who Gets What — and Why: The New Economics of Matchmaking and Market Design by Alvin E. Roth
New from Alvin E. Roth, check out "Who Gets What — and Why"
Check out "Who Gets What — and Why", the newest release from popular author Alvin E. Roth. Learn more | See related books

Book Description

Bankers in Japan and China are masters of accounting, not risk management, and American-style rescue packages won't solve their banking crises. Cleaning up balance sheets and purging non-performing loans won't work either, say Arayama and Mourdoukoutas. The problem goes deeper. It stems from high growth environments and tight government regulation. The result has been to limit competition in Japan and eliminate it in China. And that led to the control of management behavior, which weakened incentives for Japanese and Chinese bank decision-makers to manage, hands-on, their traditional and nontraditional banking risks. Adding to the problem is rationed credit, reflecting MITI and MOF priorities in Japan and those set by the central planning authorities in China. Japanese bankers have been turned into experts on the abacus, the ancient calculator, but they have little experience with or understanding of the other more important aspects of the banking enterprise. Arayama and Mourdoukoutas lay it all out in a challenging, provocative, readable study and analysis. It is an essential resource for academicians and policymakers in business, government, and international finance and investment.

Arayama and Mourdoukoutas make it clear that Japanese and Chinese bankers must learn how to behave as for-profit institutions, where managers are accountable to the owners and other stakeholders. Second, they must be freed from government directives (in China) and guidance (in Japan) that control their day-to-day operations, and which restrict freedom to develop new products and businesses. Third, Japanese and Chinese bank managers must learn to act as true bankers. They must learn how to manage credit risk and function as public trading corporations. They must also learn how to deal with transparency and full disclosure rules and regulations, just as their Western counterparts must and do. In other words, say the authors, bank managers must escape the abacus mentality and learn how to use their brains rather than their fingers… and that may take much longer than anxious Western observers would have expected.

Editorial Reviews

About the Author

YUKO ARAYAMA teaches and conducts research in economic theory and applied economics at Nagoya University, Japan. He also serves as Director of the Contemporary Japanese Economic Research Program at Beijing University. He publishes widely in the professional journals. Dr. Arayama is coauthor (with Panos Mourdoukoutas) of China Against Herself (Quorum, 1999).

PANOS MOURDOUKOUTAS is Professor of Economics, Long Island University, New York. He has traveled extensively throughout Asia and Europe as an advisor to government and business organizations, with extended stays at Nagoya University. Among his many publications are China Against Herself (with coauthor Yuko Arayama), (1999), The Global Corporation (1999), and Collective Entrepreneurship in a Globalizing Economy (1999), all published by Quorum Books.

Product Details

  • File Size: 3044 KB
  • Print Length: 208 pages
  • Publisher: Praeger (May 30, 2000)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B000SNUQ6C
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #2,859,395 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?

Customer Reviews

There are no customer reviews yet.
5 star
4 star
3 star
2 star
1 star
Share your thoughts with other customers

More About the Author

Discover books, learn about writers, read author blogs, and more.


There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
First post:
Prompts for sign-in

Look for Similar Items by Category