Global managers and Japanese multinationals: internationalization and management in Japanese financial institutions

The paper examines the internationalization of Japanese banks in the 1980s and 1990s and the experiences of managers within them. These banks underwent a vast expansion in international activities in the 1980s, followed by an equally rapid contraction in the 1990s. Building on a series of interviews conducted in London and Tokyo in the period 1999-2001, the paper examines how this impacted on the careers and expectations of both Japanese and non-Japanese managers. The paper argues that the organizations have been fundamentally changed by these experiences and have become in varying ways ‘transnational social spaces’. The idea of multinationals as transnational social spaces is developed as a general way of linking flows (of people, practices and ideas) inside the firm to broader processes in the development of global political economy.