· The Need for Redefining Japan's Government Debt Management Policy Toshiki Tomita · The Effect of Stock Splits in Japanese Market Sadakazu Osaki / Nasuka Hiramatsu · Recent Developments in the Syndicated Loan Market Nobuyuki Fujiki · Some Issues Concerning Inheritance Tax and Business Succession in Japan Toshio Sugioka · Historical Changes in the Flow of Funds in Japan and the Future Direction of Japan's Financial Industry: The Need for the Discipline of Valuation Yasuyuki Fuchita