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Author: Craig Freedman
Publisher: Edward Elgar Publishing
ISBN:
Category : Japan
Languages : en
Pages : 304
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Book Description
The rise and relative decline of the Japanese economy has been an important feature of the world economy since the late 1980s. This book re-evaluates commonly held perceptions in the West and in Japan about the strength of the Japanese economy, shedding new light on Japan's current economic situation and prescribing policies to restructure the domestic economy in order to achieve growth objectives.
Author: Craig Freedman
Publisher: Edward Elgar Publishing
ISBN:
Category : Japan
Languages : en
Pages : 304
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Book Description
The rise and relative decline of the Japanese economy has been an important feature of the world economy since the late 1980s. This book re-evaluates commonly held perceptions in the West and in Japan about the strength of the Japanese economy, shedding new light on Japan's current economic situation and prescribing policies to restructure the domestic economy in order to achieve growth objectives.
Author: M. Itoh
Publisher: Springer
ISBN: 0230503241
Category : Business & Economics
Languages : en
Pages : 153
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Book Description
The Japanese economy has shown paradoxical changes. Its successes in forming a company-centred society generated the long downturn toward zero-growth capitalism. Successful spread of information technologies resulted in deterioration of economic life among working people and a wide fall in birth rate. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward more competitive markets rather promoted difficulties among people. A lucid reconsideration of neoliberalism through concrete Japanese experiences.
Author: David Chiavacci
Publisher: Routledge
ISBN: 0429884567
Category : Social Science
Languages : en
Pages : 132
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Book Description
During the last 30 years, the Japanese political economy system has experienced significant changes that are usually not well understood or analysed because of their complexity and contradictions. This book provides new analyses and insights on the process of evolving Japanese political economy including Japan’s current economic policy known as Abenomics. The first three chapters looks at evolutions at the corporate level, characterised in recent years by increasing firm heterogeneity. The authors apply theoretically driven analyses to the complex subject of corporate governance, human resource management and corporate reporting by discussing new developments in context of their economic opportunities as well as of their institutional contradictions with continuities in Japanese business practices. The second group of chapters deals with institutional changes and evolving economic reforms on the macro level of political economy. The two chapters focus on the financial system regulation and economic growth policies as two central elements of Japan’s political economy and key drivers in the evolution of its economy. Their analysis allows us to better understand the interplay between reforms and change in consumption credit and to reinterpret Abenomics as a manifestation of ongoing contradictions within the Japanese political economy. The chapters were originally published in a special issue in Japan Forum.
Author: Adam Simon Posen
Publisher: Peterson Institute
ISBN: 9780881322620
Category : Business & Economics
Languages : en
Pages : 216
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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.
Author: Masayuki Otaki
Publisher: Springer
ISBN: 4431559159
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
This book reconsiders Keynes’s The General Theory of Employment, Interest and Money and establishes a new interpretation. In contrast to the existing models, this book finds that the stickiness in the nominal wage is not crucial for his theory. Moreover, the author has also succeeds in capturing the concept of liquidity in a rigorous mathematical model. In conjunction with the development of the concept of liquidity, the separation of the decision between savings and capital investment, which plays a key role in the principle of effective demand and denies Say’s law, is exactly and originally formulated. The theory thus developed is applicable to elucidating some serious political economic causes that entrap the long-stagnated Japanese economy. For example, an analytical explanation is provided about why disinflation/deflation incessantly progresses despite the exorbitant expansionary monetary policy (ijigen kin-yuu seisaku) by the Bank of Japan. This phenomenon is an unsolvable question from the quantity-theoretic approaches (e.g., monetarism and new Keynesianism) which, although they differ in assumptions concerning the length of adjustment periods, commonly assume that the price level sooner or later rises in proportion to the quantity of money. Owing much to Keynes, the author’s approach considers that the price level is mainly governed by its marginal prime cost which is equal to the nominal wage as a first approximation. As such, the drastically sagging wages during the past 10 years provoke serious disinflation/deflation. It should be noted that this discussion never depends on the quantity of money.
Author: Satoshi Machidori
Publisher: Springer Nature
ISBN: 9811994331
Category : Political Science
Languages : en
Pages : 225
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Book Description
This Open Access book provides a comprehensive analysis of political reforms in Japan since the 1990s, emphasizing the role of ideas in shaping their goals and outcomes. For more than fifteen years following the collapse of Japan’s economic bubble, politicians, business people and academics tackled a range of institutional reforms. The sweeping changes they enacted—covering almost all facets of the public sphere, including elections, public administration, courts and the central bank—fundamentally altered Japanese political processes and policies. Taken together, they arguably represent the final touches of Japan’s political modernization, which had been unfolding since the mid-19th century. Throughout the reform process, advocates were inspired by a combination of liberal and modernist ideas. This book examines those guiding concepts and illustrates the often messy process of applying them to real-world institutions. While most reforms began from common goals, they ultimately produced different—and frequently unexpected—institutional outcomes, which continue to shape Japanese politics. By focusing on the relationship between the ideas and processes that shaped Japan’s reforms, this book presents a broad vision of institutional change in comparative politics.
Author: Kyoko Sheridan
Publisher: Polity
ISBN: 9780745614144
Category : Political Science
Languages : en
Pages : 300
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Book Description
This book offers a novel and wide-ranging interpretation of Japanese economic policy, using historical analysis of Japanese economic development to shed light on current objectives, trends and possibilities.
Author: Mr.Tim Callen
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
For thirteen years excess capacity and debt have weighed down the Japanese economy. This weak economic performance has implications for the world economy as a whole and so the IMF has been involved in a dialogue with the Japanese authorities to identify the policies needed to bring it out of its slump. The papers in this book are part of the process of identifying the causes and proposing solutions. They examine the weakness of the financial sector; corporate restructuring and structural reforms; fiscal policy; monetary and exchange rate policy and the impact of Japanese economic policies on the rest of Asia. The overall conclusion is that although a start has been made on necessary reforms, much still needs to be done
Author: Heizō Takenaka
Publisher:
ISBN:
Category : Japan
Languages : en
Pages : 224
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Book Description
Author:
Publisher:
ISBN: 9781315285290
Category : Japan
Languages : en
Pages : 413
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Book Description
