In This Review

The Financial Behavior Of Japanese Corporations
The Financial Behavior Of Japanese Corporations
By Robert J. Ballon and Iwao Tomita
Kodansha International, 1988, 268 pp.

Naturally much of this book concerns technical detail but it is a valuable guide to the differences between Western and Japanese businesses and the way the latter handle debt, equity and profits. Professor Ballon of Sophia University and Mr. Tomita of Touche Ross International, who write clearly as well as authoritatively, see important changes since the mid-1970s in how Japanese industry is financed.