Journal Article

The Japanese edge in investment: the financial side


Abstract: An argument that the Japanese investment advantage over the United States results largely from lower pre-tax required rates of return and lower agency costs of debt in Japan, rather than from a less-burdensome tax code.

Keywords: Economic conditions - Japan; Competition; Japan;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1987

Issue: Mar

Order Number: 1