Author: Eisuke Sakakibara
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 202
Book Description
In this candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of Mr. Yen, envisions a social and economic revolution that encompasses all sectors of Japanese society. Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and earnings continue to decline. The country's entrenched power elite - the Liberal Democratic Party, the bureaucracy, and vested interest groups - are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this iron triangle and implement aggressive, widespread reforms.
Structural Reform in Japan
Author: Eisuke Sakakibara
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 202
Book Description
In this candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of Mr. Yen, envisions a social and economic revolution that encompasses all sectors of Japanese society. Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and earnings continue to decline. The country's entrenched power elite - the Liberal Democratic Party, the bureaucracy, and vested interest groups - are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this iron triangle and implement aggressive, widespread reforms.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 202
Book Description
In this candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of Mr. Yen, envisions a social and economic revolution that encompasses all sectors of Japanese society. Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and earnings continue to decline. The country's entrenched power elite - the Liberal Democratic Party, the bureaucracy, and vested interest groups - are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this iron triangle and implement aggressive, widespread reforms.
The Politics of Structural Reforms
Author: Hideko Magara
Publisher: Edward Elgar Publishing
ISBN: 0857932934
Category : Business & Economics
Languages : en
Pages : 235
Book Description
This innovative volume will be an excellent resource for political scientists specialized in political economy and industrial relations, labour economists and sociologists as well as policy practitioners and corporate governance specialists. Moreover,
Publisher: Edward Elgar Publishing
ISBN: 0857932934
Category : Business & Economics
Languages : en
Pages : 235
Book Description
This innovative volume will be an excellent resource for political scientists specialized in political economy and industrial relations, labour economists and sociologists as well as policy practitioners and corporate governance specialists. Moreover,
The Political Economy of the Abe Government and Abenomics Reforms
Author: Takeo Hoshi
Publisher: Cambridge University Press
ISBN: 1108843956
Category : Business & Economics
Languages : en
Pages : 573
Book Description
Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.
Publisher: Cambridge University Press
ISBN: 1108843956
Category : Business & Economics
Languages : en
Pages : 573
Book Description
Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.
Structural Reform in Japan
Author: Eisuke Sakakibara
Publisher: Rowman & Littlefield
ISBN: 9780815796268
Category : Business & Economics
Languages : en
Pages : 220
Book Description
In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective. Japan's economic problems are structural, rather than cyclical, according to Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and income continues to decline. The country's entrenched power elite—the Liberal Democratic Party, the bureaucracy, and vested interest groups—are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this "iron triangle" and implement aggressive, widespread reforms. This book furthers the understanding that structural reform or new institution building in Japan needs an all-encompassing approach that includes the various sectors of Japanese society and the economy. Only with this kind of understanding can pragmatic and meaningful structural reform in Japan be implemented.
Publisher: Rowman & Littlefield
ISBN: 9780815796268
Category : Business & Economics
Languages : en
Pages : 220
Book Description
In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective. Japan's economic problems are structural, rather than cyclical, according to Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and income continues to decline. The country's entrenched power elite—the Liberal Democratic Party, the bureaucracy, and vested interest groups—are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this "iron triangle" and implement aggressive, widespread reforms. This book furthers the understanding that structural reform or new institution building in Japan needs an all-encompassing approach that includes the various sectors of Japanese society and the economy. Only with this kind of understanding can pragmatic and meaningful structural reform in Japan be implemented.
Restoring Japan's Economic Growth
Author: Adam Simon Posen
Publisher: Peterson Institute
ISBN: 9780881322620
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation.
Publisher: Peterson Institute
ISBN: 9780881322620
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation.
Dynamics of Japan’s Trade and Industrial Policy in the Post Rapid Growth Era (1980–2000)
Author: RIETI
Publisher: Springer
ISBN: 9789811519895
Category : Business & Economics
Languages : en
Pages : 322
Book Description
This open access book provides an in-depth examination of Japan's policy responses to the economic challenges of the 1980s and '90s. While MITI's earlier role in promoting rapid growth has been addressed in other studies, this volume, based on official records and exhaustive interviews, is the first to examine the aftermath of rapid growth and the evolution of MITI's interpretation of the economy's changing needs. Covering such topics as the oil shocks, trade conflict with the United States, and the rise and collapse of the so-called bubble economy, it presents a detailed analysis and evaluation of how these challenges were interpreted by government officials, the kinds of policies that were enacted, the extent to which policy aims were realized, and lessons for the longer term. This book is recommended especially to officials of countries concerned about the challenges that follow on high economic growth and to readers interested in Japan’s contemporary economic history.
Publisher: Springer
ISBN: 9789811519895
Category : Business & Economics
Languages : en
Pages : 322
Book Description
This open access book provides an in-depth examination of Japan's policy responses to the economic challenges of the 1980s and '90s. While MITI's earlier role in promoting rapid growth has been addressed in other studies, this volume, based on official records and exhaustive interviews, is the first to examine the aftermath of rapid growth and the evolution of MITI's interpretation of the economy's changing needs. Covering such topics as the oil shocks, trade conflict with the United States, and the rise and collapse of the so-called bubble economy, it presents a detailed analysis and evaluation of how these challenges were interpreted by government officials, the kinds of policies that were enacted, the extent to which policy aims were realized, and lessons for the longer term. This book is recommended especially to officials of countries concerned about the challenges that follow on high economic growth and to readers interested in Japan’s contemporary economic history.
Structural Reform in Japan
Author: Eisuke Sakakibara
Publisher: Rowman & Littlefield
ISBN: 0815796269
Category : Business & Economics
Languages : en
Pages : 190
Book Description
In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective. Japan's economic problems are structural, rather than cyclical, according to Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and income continues to decline. The country's entrenched power elite—the Liberal Democratic Party, the bureaucracy, and vested interest groups—are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this "iron triangle" and implement aggressive, widespread reforms. This book furthers the understanding that structural reform or new institution building in Japan needs an all-encompassing approach that includes the various sectors of Japanese society and the economy. Only with this kind of understanding can pragmatic and meaningful structural reform in Japan be implemented.
Publisher: Rowman & Littlefield
ISBN: 0815796269
Category : Business & Economics
Languages : en
Pages : 190
Book Description
In this unusually candid book, Japan's former top financial diplomat asserts the urgent need for wholesale structural reform to revitalize the long-stagnant Japanese economy. Eisuke Sakakibara, whose influence over global currency markets earned him the nickname of "Mr. Yen," envisions a social and economic revolution that encompasses all sectors of Japanese society. Whereas previous analyses of Japanese policies of the past decade focus narrowly on such issues as nonperforming assets and deregulation, Sakakibara provides a new perspective. Japan's economic problems are structural, rather than cyclical, according to Sakakibara. Profitable investment opportunities are hard to find in the dysfunctional corporate sector, where costs are high and income continues to decline. The country's entrenched power elite—the Liberal Democratic Party, the bureaucracy, and vested interest groups—are threatened by reform efforts. It will be difficult to restore economic health to Japan until its political leaders are able to break the grip of this "iron triangle" and implement aggressive, widespread reforms. This book furthers the understanding that structural reform or new institution building in Japan needs an all-encompassing approach that includes the various sectors of Japanese society and the economy. Only with this kind of understanding can pragmatic and meaningful structural reform in Japan be implemented.
Is Japan Really Changing Its Ways?
Author: Lonny E. Carlile
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
Book Description
Explains the politics behind the Japanese regulatory reforms, the nature of the reforms, and their effect on both the domestic economy and Japan's international trade.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
Book Description
Explains the politics behind the Japanese regulatory reforms, the nature of the reforms, and their effect on both the domestic economy and Japan's international trade.
Princes of the Yen
Author: Richard Werner
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384
Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384
Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
Excerpt: Can Abenomics Succeed?
Author: Mr.Dennis P Botman
Publisher: International Monetary Fund
ISBN: 1498385184
Category : Deflation (Finance)
Languages : en
Pages : 20
Book Description
Since the bursting of the bubble, Japan has been unable to sustain economic recoveries. Monetary policy was unable to beat deflation, structural reforms failed to lift potential growth, and fiscal measures were insufficient to reverse the path of ever rising public sector debt. Japan’s revitalization plan dubbed the “three arrows of Abenomics” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome these problems. Amid a more challenging external environment and an aging population, Japan may well face its last opportunity to avoid a highly disruptive fiscal crisis and restore sustainability in a smooth manner instead. The book discusses mutually reinforcing reforms on several fronts, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms to revive animal spirits and stimulate potential growth.
Publisher: International Monetary Fund
ISBN: 1498385184
Category : Deflation (Finance)
Languages : en
Pages : 20
Book Description
Since the bursting of the bubble, Japan has been unable to sustain economic recoveries. Monetary policy was unable to beat deflation, structural reforms failed to lift potential growth, and fiscal measures were insufficient to reverse the path of ever rising public sector debt. Japan’s revitalization plan dubbed the “three arrows of Abenomics” devises a three-pronged strategy—combining fiscal, monetary, and structural policies—to overcome these problems. Amid a more challenging external environment and an aging population, Japan may well face its last opportunity to avoid a highly disruptive fiscal crisis and restore sustainability in a smooth manner instead. The book discusses mutually reinforcing reforms on several fronts, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms to revive animal spirits and stimulate potential growth.