Procyclicality and the function of government Procyclicality refers to a state where a change that occurs in one direction triggers further changes in the same direction. For example, the price… 2021-11-01 Noriyuki Morimoto Banking regulation as the culprit of economic crises No matter how many banks exist on the planet and seem to compete with each other, as they basically engage in the same business, they tend to make man… 2020-06-22 Noriyuki Morimoto Is settlement of funds a financial function? If a commercial transaction is settled by transferring hard cash, that settlement does not constitute a financial function. However, settlement of fun… 2020-04-27 Noriyuki Morimoto The dilemma between macroprudence and collective idiocy When individual financial institutions engage in business activities based on their own rationality, the accumulation of actions taken by all the fina… 2020-04-13 Noriyuki Morimoto Modern management theory learned from JNR’s compliance tactic There used to be an entity called the Japanese National Railway, abbreviated as JNR. It was split up and privatized to become the current JR companies… 2019-08-13 Noriyuki Morimoto Japanese Financial Institutions Became Fools from Compliance The Japanese Financial Services Agency (FSA) has stated its shift from rules to principles to guide its administration. The background of the chang… 2019-07-29 Noriyuki Morimoto Surume Finance in Japan Surume is dried squid that is commonly enjoyed as a snack to accompany alcohol in Japan. Its texture is like hard chewing gum, and it’s said that … 2018-04-23 Noriyuki Morimoto Which company is Nomura Holdings Going to Sell? Nomura Securities responded to the Financial Services Agency’s (FSA) policies and set out new management principles that strengthen control over confl… 2017-11-06 Noriyuki Morimoto Unbundling Trust Banks The trust bank is a business structure unique to Japan which bundles banking and trust businesses. Recently there was news that the Japan Financial Se… 2017-03-21 Noriyuki Morimoto Japan’s Financial Reform: Downsizing Banks, Expanding Investment Management When Japan was recovering from World War II, following the loss of whatever wealth was accumulated pre-war, meeting the huge demand for funding was a … 2017-03-06 Noriyuki Morimoto 12»
