| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Research Abstract |
The Japanese Economy was sluggish in the inter-war period. Banks, of which ratio of capital to the total assets declined due to the increase of the non-performing debts, collected higher-risk loans and invested in lower-risk bonds, although banks with higher capital ratio continued to make loans. With the development of bond markets, banks underwrote a large amount of bonds (underwriting bonds is a kind of investment banking) ; trust companies were established ; and savings bank held a large amount of bonds. In this way, various business models of banking emerged in inter-war Japan.
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