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What role can financial policies play in revitalizing SMEs in Japan? /

The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit conditions have been accommodative, credit growth has remained weak, especially for small and medium-sized enterprises (SMEs). Firm-level SME data and sectoral corporate balance sheets show...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Lam, W. Raphael
Autor Corporativo: International Monetary Fund. Asia and Pacific Department
Otros Autores: Shin, Jongsoon
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Ã2012.
Colección:IMF working paper ; WP/12/291.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Abstract; Contents; I. Introduction; II. Why is Credit Growth Weak?; Figures; 1. Japan: Credit Conditions; 2. Japan: Factors Contributing to Weak Credit Growth; Tables; 1. Summary Statistics of the Corporate Sector--By Industry and Capital Size; III. How Did SMEs Fare During the Global Financial Crisis?; 2. SMEs' Performance and Soundness, by Risk Ratings; 3. Regression Estimates on Corporate Adjusted Net Profit; 3. Estimated Coefficients on Interactive Dummy Variables; 4. Financial Performance of SMEs, by Risk Groups.
  • IV. Growth Challenges of SMEs: Slow Restructuring and Limited Availability of Risk Capital5. Japan: Slow SME Restructuring; A. Why Have SMEs Been Slow to Restructure?; 4. Government Credit Guarantee Schemes; B. Why is the Access and Availability of Risk-Based Capital Limited?; 6. Limited Availability of Risk-based Capital and Business Transfers; V. Policy Options to Support Credit Growth; 7. Japan: Market Practices and Regulatory Factors that Limit Risk-based Capital; VI. Conclusion; References.