03652nam a22005775i 4500 978-981-97-6940-7 DE-He213 20251030113259.0 cr nn 008mamaa 241105s2024 si | s |||| 0|eng d 9789819769407 978-981-97-6940-7 10.1007/978-981-97-6940-7 doi HC KCZ bicssc BUS023000 bisacsh KCZ thema Tanaka, Hikaru. author. (orcid)0000-0001-8171-4459 https://orcid.org/0000-0001-8171-4459 aut http://id.loc.gov/vocabulary/relators/aut 87060 Micro-Credit in Modern Japan [electronic resource] : An Alternative Financial System for Sustainable Development / by Hikaru Tanaka. 1st ed. 2024. Singapore : Springer Nature Singapore : Imprint: Springer, 2024. XX, 344 p. 14 illus., 6 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Studies in Economic History, 2364-1800 Introduction -- The Birth of Postal Savings -- Formation and Development of Industrial Cooperatives -- Return of Postal Saving to the Regions. Japanese society believes they enjoy socio-economic equality. While industrialization tends to make gap between rich and poor, most of Japanese are proud of themselves as being middle class in the first Asian industrialized country. In fact, post WW2 Japanese economic miracle made Japan rich and equalized. High personal saving ratio supported the economic development in those days as if it’s a proof of Rostow’s take-off model. Japanese saving rate had jumped high level around the beginning of 20th century, which was the time of their industrialization taking place. This book shows the savings was not only rich’s accumulation of wealth but ordinary citizen’s daily spares. The spare money helped whole nation’s economic development, especially supported relatively small farmers and self-employed workers. The personal small savings became huge funds for the basis of modern Japanese micro-credit and emergency bailout loan. Postal Savings Bank and nationwide cooperatives played the role in managing. This financial network was independent from ordinary financial system composed of private banks and securities market, and complement its function. The personal small savings funds in Japanese economy saved its society from various type of calamity and supported economic equalization as alternative financial system which acted as Not-for-Profit enterprises. Economic history. 57506 Finance. 58339 History. Asia Economic conditions. 68942 Japan History. 80768 Economic History. 57506 Financial History. 71057 Asian Economics. 68943 History of Japan. 80769 SpringerLink (Online service) Springer Nature eBook Printed edition: 9789819769391 Printed edition: 9789819769414 Printed edition: 9789819769421 Studies in Economic History, 2364-1800 79022 https://doi.org/10.1007/978-981-97-6940-7 ZDB-2-ECF ZDB-2-SXEF 64730 64730