Financial Stabilization in Meiji Japan

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Publisher : Cornell University Press
ISBN 13 : 1501746936
Total Pages : 146 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Financial Stabilization in Meiji Japan by : Steven J. Ericson

Download or read book Financial Stabilization in Meiji Japan written by Steven J. Ericson and published by Cornell University Press. This book was released on 2020-02-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization program—a sort of precursor of the "neoliberal" reforms promoted by the IMF in the 1980s and 1990s—Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy. The Matsukata financial reform has become famous largely for the wrong reasons, and Ericson sets the record straight. He shows that Matsukata intended to pursue fiscal retrenchment and budget-balancing when he became finance minister in late 1881. Various exigencies, including foreign military crises and a worsening domestic depression, compelled him instead to increase spending by running deficits and floating public bonds. Though he drastically reduced the money supply, he combined the positive and contractionary policies of his immediate predecessors to pull off a program of "expansionary austerity" paralleling state responses to financial crisis elsewhere in the world both then and now. Through a new and much-needed recalibration of this pivotal financial reform, Financial Stabilization in Meiji Japan demonstrates that, in several ways, ranging from state-led export promotion to the creation of a government-controlled central bank, Matsukata advanced policies that were more in line with a nationalist, developmentalist approach than with a liberal economic one. Ericson shows that Matsukata Masayoshi was far from a rigid adherent of classical economic liberalism.

Globalization and the Politics of Institutional Reform in Japan

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Author :
Publisher :
ISBN 13 : 9781782544777
Total Pages : 0 pages
Book Rating : 4.5/5 (447 download)

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Book Synopsis Globalization and the Politics of Institutional Reform in Japan by : Motoshi Suzuki

Download or read book Globalization and the Politics of Institutional Reform in Japan written by Motoshi Suzuki and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and the Politics of Institutional Reform in Japan illuminates Japan's contemporary and historical struggle to adjust policy and the institutional architecture of government to an evolving global order. This focused and scholarly study identifies that key to this difficulty is a structural tendency towards central political command, which reduces the country's capacity to follow a more subtle allocation of authority that ensures political leadership remains robust and non-dictatorial. Thus, Motoshi Suzuki argues that it is essential for a globalizing state to incorporate opposition parties and transgovernmental networks into policy-making processes. Providing an in-depth analysis of the theories of institutional change, this book introduces readers to a wealth of perspectives and counterarguments concerning analysis of political decision-making and policy adjustment on both the national and international scale. Placing Japanese policy reform in the global context and relating policy reform to leadership's political strategies, the author gives a detailed chronological and analytical overview of Japan's challenging institutional, political and bureaucratic transformations since the Meiji Restoration of the late nineteenth century. Analysis of globalization and policy reform in a non-liberal state, and the relationship between politicians and bureaucrats from an international perspective is included. For those interested in historical and contemporary Japanese politics from a theoretical perspective, particularly the implications of globalization and the politician-bureaucrat relationship, this is an indispensable resource.

Contemporary Government Reform in Japan

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Author :
Publisher : Springer
ISBN 13 : 0230601081
Total Pages : 243 pages
Book Rating : 4.2/5 (36 download)

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Book Synopsis Contemporary Government Reform in Japan by : E. Kawabata

Download or read book Contemporary Government Reform in Japan written by E. Kawabata and published by Springer. This book was released on 2006-09-18 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines several major reforms in Japan - in the postal business, transportation, telecommunications and technology - and evaluates the impact of these changes since the early 1980s. Conceptually, the book presents the dual state as being a fundamental feature of the Japanese political economy that determines government reform dynamics.

The Abe Administration and the Rise of the Prime Ministerial Executive

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1351589954
Total Pages : 123 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis The Abe Administration and the Rise of the Prime Ministerial Executive by : Aurelia George Mulgan

Download or read book The Abe Administration and the Rise of the Prime Ministerial Executive written by Aurelia George Mulgan and published by Taylor & Francis. This book was released on 2017-07-06 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book highlights the main factors behind this rise of the ‘prime ministerial executive’ in Japan, explaining how it operates under the Abe administration and is contributing to Abe’s unprecedented policymaking authority. Providing an analysis of Japanese power politics, it will be useful to students of Japanese Politics and Comparative Politics.

Japan's Political Marketplace

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Publisher : Harvard University Press
ISBN 13 : 9780674042537
Total Pages : 284 pages
Book Rating : 4.0/5 (425 download)

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Book Synopsis Japan's Political Marketplace by : J. Mark Ramseyer

Download or read book Japan's Political Marketplace written by J. Mark Ramseyer and published by Harvard University Press. This book was released on 2009-06-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mark Ramseyer and Frances McCall Rosenbluth show how rational-choice theory can be applied to Japanese politics. Using the concept of principal and agent, Ramseyer

Tumultuous Times

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Publisher : Yale University Press
ISBN 13 : 0300258976
Total Pages : 534 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Tumultuous Times by : Masaaki Shirakawa

Download or read book Tumultuous Times written by Masaaki Shirakawa and published by Yale University Press. This book was released on 2021-01-01 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.

The Oxford Handbook of Japanese Politics

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Publisher : Oxford University Press
ISBN 13 : 0190050993
Total Pages : 1001 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis The Oxford Handbook of Japanese Politics by : Robert J. Pekkanen

Download or read book The Oxford Handbook of Japanese Politics written by Robert J. Pekkanen and published by Oxford University Press. This book was released on 2021-10-25 with total page 1001 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Book Abstract and Keywords: The study of Japanese politics has flourished over the past several decades. This Handbook provides a state-of-the-field overview for students and researchers of Japanese. The volume also serves to introduce Japanese politics to readers less familiar with Japan. In addition, the volume has a theme of "evaluating Japan's democracy." Taken as a whole, the volume provides a positive evaluation of the state of Japan's democracy. The volume is divided into two parts, roughly corresponding to domestic Japanese politics and Japan's international politics. Within the domestic politics part, there are four distinct sections: "Domestic Political Actors and Institutions," covering the Japanese Constitution, electoral systems, prime minister, Diet, bureaucracy, judiciary, and local government; "Political Parties and Coalitions," covering the Liberal Democratic Party, coalition government, Kōmeitō, and the political opposition; "Policymaking and the Public," covering the policymaking process, public opinion, civil society, and populism; and, "Political Economy and Social Policy," covering industrial, energy, social welfare, agricultural, monetary, and immigration policies, as well as social inequality. In the international relations part, there are four sections: "International Relations Frameworks," covering grand strategy, international organizations, and international status; "International Political Economy," covering trade, finance, foreign direct investment, the environment, economic regionalism, and the linkage between security and economics; "International Security," covering remilitarization, global and regional security multilateralism, nuclear nonproliferation, naval power, space security, and cybersecurity; and, "Foreign Relations" covering Japan's relations with the United States, China, South Korea, ASEAN, India, the European Union, and Russia. Keywords: international relations, comparative politics, democracy, international order, alliances, space security, elections, Liberal Democratic Party, multilateralism, remilitarization, international organizations, populism, civil society, coalitions, political parties, trade, finance monetary policy, foreign direct investment, cybersecurity"--

Princes of the Yen

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Author :
Publisher : Routledge
ISBN 13 : 131746219X
Total Pages : 384 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Princes of the Yen by : Richard Werner

Download or read book Princes of the Yen written by Richard Werner and published by Routledge. This book was released on 2015-03-04 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Structural Reform in Japan

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Author :
Publisher :
ISBN 13 :
Total Pages : 202 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Structural Reform in Japan by : Eisuke Sakakibara

Download or read book Structural Reform in Japan written by Eisuke Sakakibara and published by . This book was released on 2003 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Japanese Monetary Policy

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Publisher : University of Chicago Press
ISBN 13 : 0226760685
Total Pages : 208 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Japanese Monetary Policy by : Kenneth J. Singleton

Download or read book Japanese Monetary Policy written by Kenneth J. Singleton and published by University of Chicago Press. This book was released on 2007-12-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.

The Iconoclast

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Publisher : Oxford University Press
ISBN 13 : 1787385124
Total Pages : 492 pages
Book Rating : 4.7/5 (873 download)

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Book Synopsis The Iconoclast by : Tobias Harris

Download or read book The Iconoclast written by Tobias Harris and published by Oxford University Press. This book was released on 2020-09-04 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shinzo Abe entered politics burdened by high expectations: that he would change Japan. In 2007, seemingly overwhelmed, he resigned after only a year as prime minister. Yet, following five years of reinvention, he masterfully regained the premiership in 2012, and now dominates Japanese democracy as no leader has done before. Abe has inspired fierce loyalty among his followers, cowing Japan's left with his ambitious economic program and support for the security and armed forces. He has staked a leadership role for Japan in a region being rapidly transformed by the rise of China and India, while carefully preserving an ironclad relationship with Trump's America. The Iconoclast tells the story of Abe's meteoric rise and stunning fall, his remarkable comeback, and his unlikely emergence as a global statesman laying the groundwork for Japan's survival in a turbulent century.

Who Rules Japan?

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1784717495
Total Pages : 235 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Who Rules Japan? by : Leon Wolff

Download or read book Who Rules Japan? written by Leon Wolff and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dramatic growth of the Japanese economy in the postwar period, and its meltdown in the 1990s, has attracted sustained interest in the power dynamics underlying the management of Japanês administrative state. Scholars and commentators have long deba

Planning for Empire

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Publisher : Cornell University Press
ISBN 13 : 0801461332
Total Pages : 241 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Planning for Empire by : Janis A. Mimura

Download or read book Planning for Empire written by Janis A. Mimura and published by Cornell University Press. This book was released on 2011-05-02 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's invasion of Manchuria in September of 1931 initiated a new phase of brutal occupation and warfare in Asia and the Pacific. It forwarded the project of remaking the Japanese state along technocratic and fascistic lines and creating a self-sufficient Asian bloc centered on Japan and its puppet state of Manchukuo. In Planning for Empire, Janis Mimura traces the origins and evolution of this new order and the ideas and policies of its chief architects, the reform bureaucrats. The reform bureaucrats pursued a radical, authoritarian vision of modern Japan in which public and private spheres were fused, ownership and control of capital were separated, and society was ruled by technocrats. Mimura shifts our attention away from reactionary young officers to state planners—reform bureaucrats, total war officers, new zaibatsu leaders, economists, political scientists, engineers, and labor party leaders. She shows how empire building and war mobilization raised the stature and influence of these middle-class professionals by calling forth new government planning agencies, research bureaus, and think tanks to draft Five Year industrial plans, rationalize industry, mobilize the masses, streamline the bureaucracy, and manage big business. Deftly examining the political battles and compromises of Japanese technocrats in their bid for political power and Asian hegemony, Planning for Empire offers a new perspective on Japanese fascism by revealing its modern roots in the close interaction of technology and right-wing ideology.

Japan in Transition

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Publisher : Princeton University Press
ISBN 13 : 140085430X
Total Pages : 499 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Japan in Transition by : Marius B. Jansen

Download or read book Japan in Transition written by Marius B. Jansen and published by Princeton University Press. This book was released on 2014-07-14 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book social scientists scrutinize the middle decades of the nineteenth century in Japan. That scrutiny is important and overdue, for the period from the 1850s to the 1880s has usually been treated in terms of politics and foreign relations. Yet those decades were also of pivotal importance in Japan's institutional modernization. As the Japanese entered the world order, they experienced a massive introduction of Western-style organizations. Sweeping reforms, without the class violence or the Utopian appeal of revolution, created the foundation for a modern society. The Meiji Restoration introduced a political transformation, but these chapters address the more gradual social transition. Originally published in 1986. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Decision-Making Reform in Japan

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Author :
Publisher : Routledge
ISBN 13 : 1317518497
Total Pages : 296 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Decision-Making Reform in Japan by : Karol Zakowski

Download or read book Decision-Making Reform in Japan written by Karol Zakowski and published by Routledge. This book was released on 2015-04-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the election to the House of Representatives in 2009, the Democratic Party of Japan (DPJ) almost tripled the number of its lower house members by winning 308 seats. It subsequently formed a coalition government with the Social Democratic Party and the People’s New Party. The new ruling party promised to completely overhaul policymaking mechanisms that had been shaped over the past decades. Yet, the Japanese people quickly felt disappointed with the DPJ’s ‘policymaking engineering’. Examining the evolution of the decision-making process in Japan under the DPJ administration between the years 2009-2012, this book offers a multidimensional explanation for the reasons for the DPJ’s failure in producing effective policymaking mechanisms. Implementing conceptual tools borrowed from historical institutionalism, the author explains why the Democrats displayed inflexibility in introducing selected elements of the Westminster system, incoherence in regard to many aspects of the decision-making reform, and unwillingness to take advantage of all of the institutional resources at their disposal. The book argues that the examination of the DPJ’s origins and interactions with other parties is crucial in understanding its misconceptions regarding the institutional model, policy vision, and institutional tools required for a durable change in policymaking patterns. Illustrating its argument with a range of case studies, this book explains why, ultimately, the DPJ’s concept of a politician-led government resulted in failure. It will also be helpful in understanding the prerequisites for the success of institutional reforms in general. As such it will be of interest to students and scholars of Japanese studies, Political science, Asian studies.

The Rise and Fall of Japan's LDP

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Author :
Publisher : Cornell University Press
ISBN 13 : 9780801476822
Total Pages : 340 pages
Book Rating : 4.4/5 (768 download)

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Book Synopsis The Rise and Fall of Japan's LDP by : Ellis S. Krauss

Download or read book The Rise and Fall of Japan's LDP written by Ellis S. Krauss and published by Cornell University Press. This book was released on 2011 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how the persistence of party institutions (factions, PARC, koenkai) and the transformed role of party leadership in Japan contributed both to the LDP's success at remaining in power for 15 years and its downfall.

Breaking Through Bureaucracy

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Publisher : Univ of California Press
ISBN 13 : 9780520912496
Total Pages : 268 pages
Book Rating : 4.9/5 (124 download)

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Book Synopsis Breaking Through Bureaucracy by : Michael Barzelay

Download or read book Breaking Through Bureaucracy written by Michael Barzelay and published by Univ of California Press. This book was released on 1992-10-09 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book attacks the conventional wisdom that bureaucrats are bunglers and the system can't be changed. Michael Barzelay and Babak Armajani trace the source of much poor performance in government to the persistent influence of what they call the bureaucratic paradigm—a theory built on such notions as central control, economy and efficiency, and rigid adherence to rules. Rarely questioned, the bureaucratic paradigm leads competent and faithful public servants—as well as politicians—unwittingly to impair government's ability to serve citizens by weakening, misplacing, and misdirecting accountability. How can this system be changed? Drawing on research sponsored by the Ford Foundation/Harvard University program on Innovations in State and Local Government, this book tells the story of how public officials in one state, Minnesota, cast off the conceptual blinders of the bureaucratic paradigm and experimented with ideas such as customer service, empowering front-line employees to resolve problems, and selectively introducing market forces within government. The author highlights the arguments government executives made for the changes they proposed, traces the way these changes were implemented, and summarizes the impressive results. This approach provides would-be bureaucracy busters with a powerful method for dramatically improving the way government manages the public's business. Generalizing from the Minnesota experience and from similar efforts nationwide, the book proposes a new paradigm that will reframe the perennial debate on public management. With its carefully analyzed ideas, real-life examples, and closely reasoned practical advice, Breaking Through Bureaucracy is indispensable to public managers and students of public policy and administration.