Introduction Albeit the Japanese economy has been long hailed as the model of success in Asia, the transition towards a market oriented economy has not been smooth. Despite of the ravages left in the aftermath of the 2nd world war, the 1960’s and 1970’s saw Japan attain enormously high rates of economic growth (Johnson, 1982). The regulated financial sector working in tandem with the government and business corporations led to a stable and steady integrated economic system which allowed the economy to flourish. The Japanese banking system had a critical role to play in this phase. Not only did the banks act as corporate governing bodies, they also played roles or rescuers when enterprises where in financial difficulties. By providing loans to enterprises that were investing in sectors with strong growth potential these banks shared the risks in similar vein to venture capitalists (Wade, 1999). But in the decades of the 1970’s and 1980’s the fast growing economy compelled by the global environment of market integration had to modify its structure and attempt to adjust to the new environment. Growing domestic businesses gradually had a lower requirement to borrow from the domestic banking system. Circumvention of financing from external sources coupled with developing asset markets through the accumulation over the earlier decades led to alterations in the capital flows and liberalization of the financial sector followed (Noguchi, 1998). In the latter half of the 1980’s decade such liberalization resulted in a lack of adequate tightness in monetary conditions which in turn led to an asset oriented initial upturn and economic boom but finally the asset bubble got burst and this opened the floodgates for Japan’s economic woes. Due to the depressed market conditions the 1990’s have been famously coined as the “lost decade” (Takahashi, 2011). Since the early 2000’s the Japanese economy has been in the process of trying to recover through market oriented reforms but no remedy to the ailment which continued to make the economy weaker and the recent global financial crisis has only worsened the situation (see figures 1 to 3). Figure 1 Figure 1 above shows the path of real GDP over time. Evidently the climb is steeper and more steady until 1990 since when evidence of volatility is observed and the slope is flatter as well. A substantial dip is also visible in the mid 2000’s. Figure 2 Figure 2 reveals that the percentage of annual GDP growth has actually been quite volatile. However, more noticeably there is a downward trend in the series and the growth rate has decelerated to negative values over the last few years. Figure 3 Finally figure 3 shows the average growth rate for the four decades since 1970. Evidently the performance was substantially lower in the decade of the 1990’s and to add to the woes of the economy, the growth rate has been even lower in the 1st decade of the 2000’s. The economy is still in quest for attaining a system that has the advantage of institutional complementarities as it once had in its golden era of growth. Substantial amounts of research has established that the degree of competitiveness has important bearing on economic growth and
Investigating Japanese Banking Sector Competition – A Panel Data approach Abstract This paper investigates the degree of competitiveness in the Japanese Banking Sector. Using a longitudinal data set containing information on 1018 banks covering time span of 1988-2012 and applying a modified version of the Panzar-Rosse methodology suitable for the present purpose, several interesting insights are derived…
Up till now, there has been extensive research done in order to give database support to the mining operations. Nevertheless, the emphasis in such endeavors has been, most typically, laid upon the mining of a single data set although, most of the times, the user has to look up for multiple data sets that are acquired from various data sources.
The research aims at underpinning and outlining the importance of motivation in reducing employee turnover in the banking sector. The research identifies the importance of motivation by analysing past literature and available information. This helped in understanding the fact that motivation often impacts in a positive way leading to better understanding and performances of employees.
The research objectives are as follow:
To analyse the role of loyalty programs in customer loyalty in HSBC, Barclays and Royal Bank of Scotland
To investigate the impact of customer loyalty on customer retention
To assess the loyalty patterns of customers
To understand the importance of loyalty programs in attracting, retaining and empowering customers
Money laundering activities are considered to be of prime importance by almost all the nations in the world. In today’s economy all the banks and the financial institutions are subject to the risk of money laundering activities being carried on through the prevailing transaction systems within the organisations.
The research study analyses the evolution and how the industry has improved and changed because of IT. Changes in IT have influenced the banking industry of India as it has offered convenience to make transactions. Consumers have also welcomed the changes that have occurred over the period of time as the volume of transaction have increased over the years
According to the report finance is the backbone of any economy and banking sector is the indispensible part of the financial segment of the economy. UK banking sector was also badly affected by the recent credit crunch that erupted in the mid 2007. At the initial stage of the report the readers would be introduced with the objectives and the contents.
The objective of research is to examine the awareness of Muslims and non-Muslims customers and bank authorities of Islamic banking notably in Saudi Arabia and UK about the function and concept of this system through reaction toward it; to evaluate the performance of Islamic banking based on the available financial data.
Table of Contents 1 References 12 1. Introduction. Data mining is commonly recognized as an interactive and iterative process. The development of the Knowledge Discovery and Data Mining System (KDDMS) has been one of the long term aims of data mining so as to support the process of data mining.
Following this aim, the researcher in this study has adopted a quantitative research approach so as to gather information relating to the identified variables, such as service quality, customer satisfaction and switching behavior. The analysis of results obtained through survey indicated that there is a positive impact of service quality on the customers’ satisfaction level, and in case of UK’s retail banking sector, the customers have placed particular emphasis on reliability, responsiveness and tangibility dimension of service quality.
Reforms in the banking sector have also blurred the lines between banks and non-banks, thereby increasing pressure on banks to perform. Customer experience now defines service quality and poor service quality can push customers to switch service providers.
40 pages (10000 words)Dissertation
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