Japan Facing Economic Maturity
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Japan
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Author : Edward J. Lincoln
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Japan written by Edward J. Lincoln and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Japan is the great economic success story of the postwar period, growing at unprecedented rates to become one of the world's most advanced industrial nations. But since the early 1970s, Asia's economic giant has had to contend with many of the problems encountered by Western economies--slower growth, increased unemployment, rapid changes in the financial and industrial sectors--problems that have permanently transformed its economy and pose crucial challenges for its leaders. In this book, Edward J. Lincoln discusses Japan's burst of growth and the complex interplay of demographic, cultural, economic, and political forces that shaped the subsequent emergence of large domestic imbalances. The motivation and impact of Tokyo's successive attempts to deal with slower growth receive special attention: ballooning government deficits that supported domestic growth in the late 1970s, a determined switch to austerity measures in the 1980s as a surging current-account surplus conveniently buoyed the economy, and as yet uncertain responses to the recent appreciation of the yen that has capped the external surpluses. Lincoln focuses on the changes experienced by Japan's financial institutions and their implications for international economic transactions. Slower growth and altered monetary flows have brought increasing domestic and international pressures for deregulating financial institutions, and the government has responded cautiously. The study analyzes the resulting tensions and crosscurrents within Japan and the strains that have developed in relations with the United States. It concludes with a lucid presentation of Japan's options for stimulating domestic demand through reducing private-sector savings, increasing investment, and raising government spending, as well as appropriate U.S. policies to promote these outcomes. Whatever policy decisions Japan makes in the next few years will be shaped by the economic forces and institutional framework Linco
Japan S Financial Liberalization
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Author : James K. Jackson
language : en
Publisher:
Release Date : 1989
Japan S Financial Liberalization written by James K. Jackson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Capital market categories.
Japan S Lost Decade
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Author : Naoyuki Yoshino
language : en
Publisher: Springer
Release Date : 2017-09-20
Japan S Lost Decade written by Naoyuki Yoshino and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-20 with Business & Economics categories.
This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.
The Japanese Economy During The Great Depression
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Author : Masato Shizume
language : en
Publisher: Springer Nature
Release Date : 2021-09-25
The Japanese Economy During The Great Depression written by Masato Shizume and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-25 with Business & Economics categories.
This book provides a systematic explanation of a remarkable policy innovation in an emerging economy in the modern world. In doing so, it highlights the nature of the Japanese economy during the interwar period. It offers a canonical case study for an international macroeconomic policy of a small and open economy. Readers can draw lessons from the Japanese experience in the 1930s, recalling what kinds of challenges policymakers faced in a crisis situation, what they can do, and what they should not do. As a whole, it is a novel reference both for scholars in economic history and international economics and for policymakers all over the world. A comprehensive and clear-cut picture of the Japanese economy during the Great Depression in the 1930s is presented, including the policy innovations brought about by an iconoclastic finance minister, Korekiyo Takahashi, at that time. To this end, the book integrates the narrative analysis based on newly available archival documents and the quantitative analysis based on newly constructed macroeconomic data and contemporary econometric methodologies. This work shows how Japan escaped from the depression in its early stage. It illustrates a transmission mechanism of the macroeconomic stimulus package of currency depreciation, easy money, and fiscal expansion. As well, it argues that the key for economic recovery was currency depreciation and that expectations played a pivotal role in ending deflation and kick-starting economic recovery. Also contained here is an exploration of politico-economic interaction in the shaping of economic policy and the long-term consequences of policy actions such as departure from the gold standard and initiation of the government debt finance by the central bank. It is shown that the collapse of the international gold standard and the lack of governance of military spending resulted in a loss of fiscal discipline in the long run.
Japan The System That Soured
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Author : Richard Katz
language : en
Publisher: Routledge
Release Date : 2015-03-04
Japan The System That Soured written by Richard Katz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-04 with Business & Economics categories.
After seven long years of economic malaise, it is clear that something has gone awry in Japan. Unless Japan undertakes sweeping reform, official forecasts now warn, growth will steadily dwindle. How could the world's most acclaimed economic miracle have stumbled so badly? As this important book explains, the root of the problem is that Japan is still mired in the structures, policies, and mental habits of the 1950s-1960s. Four decades ago while in the "catch-up" phase of its economic evolution, policies that gave rise to "Japan, Inc". made a lot of sense. By the 1970s and 1980s, when Japan had become a more mature economy, "catch-up economics" had become passe, even counterproductive. Even worse, in response to the oil shocks, Japan increasingly used its industrial policy tools. not to promote "winners", but to shield "losers" from competition at home and abroad. Japan's well-known aversion to imports is part and parcel of this politically understandable, but economically self-defeating, pattern. The end result is a deformed "dual economy" unique in the industrial world. Now this "dualism" is sapping the strength of the entire economy. The protection of the weak is driving Japan's most inefficient companies to invest offshore instead of at home. Without sweeping reform, real recovery will prove elusive. The challenging thesis articulated in this book is receiving widespread media attention in the United States and Japan and is sure to provoke continuing debate and controversy.
The History Of Japanese Economic Development
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Author : Ken'ichi Ōno
language : en
Publisher:
Release Date : 2018
The History Of Japanese Economic Development written by Ken'ichi Ōno and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Banks and banking categories.
Introduction -- An overview : evolutionary history and translative adaptation -- The Edo society: preparing conditions for industrialization -- Transition from Edo to Meiji -- Importing and absorbing technology -- Development of key industries -- Budget, finance and the macroeconomy of Meiji -- World War I and the 1920s -- The banking crisis of 1927 -- The 1930s and the war economy -- Postwar recovery 1945-49 -- The high growth era -- Economic maturity and slowdown -- The asset bubble and prolonged recession -- Questions and answers
Examining Japan S Lost Decades
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Author : Yōichi Funabashi
language : en
Publisher: Taylor & Francis Group
Release Date : 2015
Examining Japan S Lost Decades written by Yōichi Funabashi and has been published by Taylor & Francis Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with SOCIAL SCIENCE categories.
"This book examines five features of Japan's 'Lost Decades': the speed of the economic decline in Japan compared to Japan's earlier global prowess; a rapidly declining population; considerable political instability and failed reform attempts; shifting balances of power in the region and changing relations with Asian neighbouring nations; and the lingering legacy of World War Two. Addressing the question of why the decades were lost, this book offers 15 new perspectives ranging from economics to ideology and beyond. Investigating problems such as the risk-averse behaviour of Japan's bureaucracy and the absence of strong political leadership, the authors analyse how the delay of 'loss-cutting policies' led to the 1997 financial crisis and a state of political gridlock where policymakers could not decide on firm strategies that would benefit national interests. To discuss the rebuilding of Japan, the authors argue that it is first essential to critically examine Japan's 'Lost Decades' and this book offers a comprehensive overview of Japan's recent 20 years of crisis. The book reveals that the 'Lost Decades' is not an issue unique to the Japanese context but has global relevance, and its study can provide important insights into challenges being faced in other mature economies. With chapters written by some of the world's leading Japan specialists and chapters focusing on a variety of disciplines, this book will be of interest to students and scholars in the areas of Japan studies, Politics, International Relations, Security Studies, Government Policy and History"--
Japan In The Year 2000
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Author : Keizai Shingikai (Japan). Chōki Tenbō Iinkai
language : en
Publisher: Tokyo : Japan Times
Release Date : 1983
Japan In The Year 2000 written by Keizai Shingikai (Japan). Chōki Tenbō Iinkai and has been published by Tokyo : Japan Times this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Economic forecasting categories.
Report, projection of Japan as a postindustrial society in the year 2000, with economic policy recommendations - discusses the economic implications and social implications of the ageing population, and the influence of life style; considers economic growth trends in the context of world economic conditions; stresses the need for an enhanced role of Japan in international relations and economic relations. Graphs, statistical tables.
Japan S Lost Decade
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Author : Naoyuki Yoshino
language : en
Publisher:
Release Date : 2017
Japan S Lost Decade written by Naoyuki Yoshino and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Economic development categories.
Japan Facing Economic Maturity
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Author : Edward J. Lincoln
language : en
Publisher: Brookings Institution Press
Release Date : 1988
Japan Facing Economic Maturity written by Edward J. Lincoln and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
Discusses the ways in which Japan has attempted to handle the problems caused by its rapid economic growth and analyzes Japan's relations with the U.S.