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Structural Impediments To Growth In Japan
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Book Synopsis Structural Impediments to Growth in Japan by : Magnus Blomstrom
Download or read book Structural Impediments to Growth in Japan written by Magnus Blomstrom and published by University of Chicago Press. This book was released on 2007-11-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book looks past the short-run challenges to the future of Japan and highlights the intermediate and longer-term issues that country faces. In this, the first book-length academic treatment of this important issue, a team of notable contributors present nine papers, offering a comprehensive assessment of those economic difficulties and addressing a range of specific issues, from financial restructuring and the impact of the aging Japanese population to corporate behavior, public lending, employment practices, and innovative capacity. In each paper, contributors clearly identify and outline problems and concerns, carefully pose provocative questions, and in many instances present concrete suggestions for improvement. The resulting volume is a timely and important examination of critical issues for Japan's stalling economy, packed with both telling data and expert analysis and offering valuable perspectives on Japan's current obstacles.
Book Synopsis Japan-U.S. Trade by : William H. Cooper
Download or read book Japan-U.S. Trade written by William H. Cooper and published by . This book was released on 1990 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Barriers to Wage Income Growth in by : Rui Xu
Download or read book Structural Barriers to Wage Income Growth in written by Rui Xu and published by International Monetary Fund. This book was released on 2023-05-18 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stagnant income growth has limited Japan’s growth potential and reflation efforts. This paper dissects the wage dynamics of different labor groups and identifies the structural barriers to income growth. Although average income growth has been weak due to the rise of part-time workers and their declining hours, real wages per hour have risen across all labor groups, with the most gain seen among part-time and female workers. The weak income growth is largely driven by structural factors, including disincentives for second earners in the social security system, pension policies, and more broadly the dual labor market structure. Policies to address these structural barriers are key to boost income growth in Japan.
Book Synopsis Japan’s Lost Decade by : Naoyuki Yoshino
Download or read book Japan’s Lost Decade written by Naoyuki Yoshino and published by Springer. This book was released on 2017-09-20 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Economic Development of Japan by : William Wirt Lockwood
Download or read book The Economic Development of Japan written by William Wirt Lockwood and published by . This book was released on 1992 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Reform in Japan by : Eisuke Sakakibara
Download or read book Structural Reform in Japan written by Eisuke Sakakibara and published by Rowman & Littlefield. This book was released on 2003-12-22 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Economic Development of Japan : Growth and Structural Change by : William Wirt Lockwood
Download or read book Economic Development of Japan : Growth and Structural Change written by William Wirt Lockwood and published by . This book was released on 1968 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Japan: Economic Growth, Resource Scarcity, And Environmental Constraints by : Edward A. Olsen
Download or read book Japan: Economic Growth, Resource Scarcity, And Environmental Constraints written by Edward A. Olsen and published by Routledge. This book was released on 2019-03-04 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study evaluates, from a neo-Malthusian perspective, Japan's current status and its prognosis in the context of the country's economic vulnerabilities. Drawing on the theoretical contributions of Malthus, N. Georgescu-Roegen, H. and M. Sprout, and assorted environmental-ecological doomsayers, the author reaches pessimistic conclusions about Japan's very long term prospects, but holds out some slim hope for Japan if international cooperation of nearly Utopian dimensions can be achieved.
Book Synopsis The Economic Development of Japan by : William W. Lockwood
Download or read book The Economic Development of Japan written by William W. Lockwood and published by . This book was released on 1970 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamics of Japan’s Trade and Industrial Policy in the Post Rapid Growth Era (1980–2000) by : RIETI
Download or read book Dynamics of Japan’s Trade and Industrial Policy in the Post Rapid Growth Era (1980–2000) written by RIETI and published by Springer. This book was released on 2020-09-18 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :William Wirt Lockwood Publisher :University of Michigan Center for ISBN 13 :9780939512621 Total Pages :603 pages Book Rating :4.5/5 (126 download)
Book Synopsis The Economic Development of Japan by : William Wirt Lockwood
Download or read book The Economic Development of Japan written by William Wirt Lockwood and published by University of Michigan Center for. This book was released on 1954 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Development of Japan by : William W. Lockwood
Download or read book The Economic Development of Japan written by William W. Lockwood and published by Princeton, N.J. : Princeton University Press. This book was released on 1968 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Japan's Economic Structure by : Kōzō Yamamura
Download or read book Japan's Economic Structure written by Kōzō Yamamura and published by Society for Japanese Studies. This book was released on 1990 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Development of Japan by : William Lockwood
Download or read book The Economic Development of Japan written by William Lockwood and published by U of M Center for Japanese Studies. This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A substantial contribution to the study of Japan's extraordinary economic expansion since the Meiji Restoration
Book Synopsis The Changing Japanese Labor Market by : Akiomi Kitagawa
Download or read book The Changing Japanese Labor Market written by Akiomi Kitagawa and published by Springer. This book was released on 2019-01-25 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reappraises the Japanese employment system, characterized by such practices as the periodic recruiting of new graduates, lifetime employment and seniority-based wages, which were praised as sources of high productivity and flexibility for Japanese firms during the period of high economic growth from the middle of the 1950s until the burst of bubbles in the early 1990s. The prolonged stagnation after the bubble burst induced an increasing number of people to criticize the Japanese employment system as a barrier to the structural changes needed to allow the economy to adjust to the new environment, with detractors suggesting that such a system only serves to protect the vested interests of incumbent workers and firms. By investigating what caused the long stagnation of the Japanese economy, this book examines the validity of this currently dominant view about the Japanese employment system. The rigorous theoretical and empirical analyses presented in this book provide readers with deep insights into the nature of the current Japanese labor market and its macroeconomic impacts.
Book Synopsis Social Inequality in Post-Growth Japan by : David Chiavacci
Download or read book Social Inequality in Post-Growth Japan written by David Chiavacci and published by Routledge. This book was released on 2016-09-13 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades Japan has changed from a strongly growing, economically successful nation regarded as prime example of social equality and inclusion, to a nation with a stagnating economy, a shrinking population and a very high proportion of elderly people. Within this, new forms of inequality are emerging and deepening, and a new model of Japan as 'gap society' (kakusa shakai) has become common-sense. These new forms of inequality are complex, are caused in different ways by a variety of factors, and require deep-seated reforms in order to remedy them. This book provides a comprehensive overview of inequality in contemporary Japan. It examines inequality in labour and employment, in welfare and family, in education and social mobility, in the urban-rural divide, and concerning immigration, ethnic minorities and gender. The book also considers the widespread anxiety effect of the fear of inequality; and discusses how far these developments in Japan represent a new form of social problem for the wider world.
Book Synopsis Institutional Change in Japan by : Magnus Blomström
Download or read book Institutional Change in Japan written by Magnus Blomström and published by Routledge. This book was released on 2006-08-21 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system. After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan’s struggle has called into question the ability of the country’s economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century. This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.
