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2003
"Japan Inc Feels Crushing Weight of History; Modern Japan Suffers from Huge Bad
Debts, Mistrust of Stock Markets and a Corporate Sector That Is All But Cut Off
From Shareholder Pressure," Randall Morck (Professor, University of Alberta Business
School;) Nasao Nakamura, (Professor, University of British Columbia Faculty of
Commerce and Business Administration) FT7/3/03, p9. "Stock markets seem better
suited than banks to financing [value-added tech and services ventures]. Japanese
investors were badly burnt and are unlikely to entrust their savings to stocks
again without reassurances that shareholder returns figure in management decisions.
This sounds distressingly like succumbing to shareholder pressure - at long last
(maybe)." http://www.ecgi.de/families/
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