Finance refers to the study, management, and allocation of funds and resources over time, often under conditions of certainty and uncertainty. It encompasses various activities related to the planning, acquiring, and utilizing of money and assets. Finance is divided into three main categories: personal finance, which deals with individual or household budgeting, saving, and investment; corporate finance, which focuses on the financial decisions made by businesses, including capital structure and investment strategies; and public finance, which involves the financial activities of government entities, including taxation, spending, and budgeting.
Finance also includes the analysis of financial markets, instruments, risk management, and the effects of government policies on financial operations. Understanding finance is crucial for making informed decisions about investments, managing debt, and ensuring long-term financial stability.
Norinchukin Bank faces a severe crisis due to misjudged foreign bond investments resulting in a 1.4 trillion yen deficit. The bank's president plans to resign, prompting leadership changes and a…