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Structural Reform In Japan
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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.
Book Synopsis The Politics of Structural Reforms by : Hideko Magara
Download or read book The Politics of Structural Reforms written by Hideko Magara and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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,
Book Synopsis The Political Economy of the Abe Government and Abenomics Reforms by : Takeo Hoshi
Download or read book The Political Economy of the Abe Government and Abenomics Reforms written by Takeo Hoshi and published by Cambridge University Press. This book was released on 2021-02-25 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.
Book Synopsis Restoring Japan's Economic Growth by : Adam Simon Posen
Download or read book Restoring Japan's Economic Growth written by Adam Simon Posen and published by Peterson Institute. This book was released on 1998 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Excerpt: Can Abenomics Succeed? by : Mr.Dennis P Botman
Download or read book Excerpt: Can Abenomics Succeed? written by Mr.Dennis P Botman and published by International Monetary Fund. This book was released on 2015-01-30 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Conscience of the Eye: The Design and Social Life of Cities by : Richard Sennett
Download or read book The Conscience of the Eye: The Design and Social Life of Cities written by Richard Sennett and published by W. W. Norton & Company. This book was released on 1992-08-17 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sennett's brilliant study of the physical fabric of the city as a mirror of Western society and culture was originally published (cloth) in 1990 by Alfred A. Knopf. Annotation copyrighted by Book News, Inc., Portland, OR
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.
Book Synopsis The Politics of Structural Education Reform by : Keith A. Nitta
Download or read book The Politics of Structural Education Reform written by Keith A. Nitta and published by Routledge. This book was released on 2008-01-07 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Education policymaking is traditionally seen as a domestic political process. The job of deciding where students will be educated, what they will be taught, who will teach them, and how it will be paid for clearly rests with some mix of district, state, and national policymakers. This book seeks to show how global trends have produced similar changes to very different educational systems in the United States and Japan. Despite different historical development, social norms, and institutional structures, the U.S. and Japanese education systems have been restructured over the past dozen years, not just incrementally but in ways that have transformed traditional power arrangements. Based on 124 interviews, this book examines two restructuring episodes in U.S. education and two restructuring episodes in Japanese education. The four episodes reveal a similar politics of structural education reform that is driven by symbolic action and bureaucratic turf wars, which has ultimately hindered educational improvement in both countries.
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 The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries by : Tompson William
Download or read book The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries written by Tompson William and published by OECD Publishing. This book was released on 2009-08-24 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
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 187 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 Political Corruption and Scandals in Japan by : Matthew M. Carlson
Download or read book Political Corruption and Scandals in Japan written by Matthew M. Carlson and published by Cornell University Press. This book was released on 2018-03-15 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining history with comparative politics, Matthew M. Carlson and Steven R. Reed take on political corruption and scandals, and the reforms designed to counter them, in post–World War II Japan. Political Corruption and Scandals in Japan makes sense of the scandals that have plagued Japanese politics for more than half a century and attempts to show how reforms have evolved to counter the problems. What causes political corruption to become more or less serious over time? they ask. The authors examine major political corruption scandals beginning with the early postwar period until the present day as one way to make sense of how the nature of corruption changes over time. They also consider bureaucratic corruption and scandals, violations of electoral law, sex scandals, and campaign finance regulations and scandals. In the end, Carlson and Reed write, though Japanese politics still experiences periodic scandals, the political reforms of 1994 have significantly reduced the levels of political corruption. The basic message is that reform can reduce corruption. The causes and consequences of political corruption in Japan, they suggest, are much like those in other consolidated democracies.
Download or read book Japanese Phoenix written by Richard Katz and published by M.E. Sharpe. This book was released on 2003 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents
Book Synopsis Entrepreneurial States by : Yves Tiberghien
Download or read book Entrepreneurial States written by Yves Tiberghien and published by Cornell University Press. This book was released on 2018-07-05 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Entrepreneurial States, an innovative examination of the comparative politics of reform in stakeholder systems, Yves Tiberghien analyzes the modern partnership between the state and global capital in attaining structural domestic change. The emergence of a powerful global equity market has altered incentives for the state and presented political leaders with a "golden bargain"—the infusion of abundant and cheap capital into domestic stock markets in exchange for reform of corporate governance and other regulatory changes. Drawing on extensive archival research and interviews with policy and corporate elites in Europe and East Asia, Tiberghien asks why states such as Korea and France have embraced this opportunity and engaged in far-reaching reforms to make their companies more attractive to foreign capital, whereas Japan and Germany have moved forward much more grudgingly. Interest groups and electoral institutions have their impacts, but by tracing the unfolding dynamic of reform under different constraints, Tiberghien shows that the role of political entrepreneurs is critical. Such policy elites act as mediators between global forces and national constraints. As risk takers and bargain builders, Tiberghien finds, they use corporate reform to reshape their political parties and to stake out new policy ground. The degree of political autonomy available to them and the domestic organization of bureaucratic responsibility determine their ability to succeed.
Book Synopsis Crisis Narratives, Institutional Change, and the Transformation of the Japanese State by : Sebastian Maslow
Download or read book Crisis Narratives, Institutional Change, and the Transformation of the Japanese State written by Sebastian Maslow and published by State University of New York Press. This book was released on 2021-11-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mired in national crises since the early 1990s, Japan has had to respond to a rapid population decline; the Asian and global financial crises; the 2011 triple disaster of earthquake, tsunami, and the Fukushima nuclear meltdown; the COVID-19 pandemic; China’s economic rise; threats from North Korea; and massive public debt. In Crisis Narratives, Institutional Change, and the Transformation of the Japanese State, established specialists in a variety of areas use a coherent set of methodologies, aligning their sociological, public policy, and political science and international relations perspectives, to account for discrepancies between official rhetoric and policy practice and actual perceptions of decline and crisis in contemporary Japan. Each chapter focuses on a distinct policy field to gauge the effectiveness and the implications of political responses through an analysis of how crises are narrated and used to justify policy interventions. Transcending boundaries between issue areas and domestic and international politics, these essays paint a dynamic picture of the contested but changing nature of social, economic, and, ultimately political institutions as they constitute the transforming Japanese state.
Book Synopsis Japan's Managed Globalization by : Ulrike Schaede
Download or read book Japan's Managed Globalization written by Ulrike Schaede and published by Routledge. This book was released on 2015-03-27 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Japan moves from a "catch-up" strategy to a post-developmental stage, it is changing its actions and reactions both in terms of international political economy and domestic policy issues. The current changes in Japan can best be understood as following a path toward "permeable insulation." Japan's government and economic system continue to insulate domestic businesses from full competition and the rigor of market forces, but this insulation is also permeable because a decline in state power vis-a-vis the private sector since the 1990s has combined with a decline in the solidarity of private institutions (such as keiretsu or trade associations) to make strategies of insulation much less rigid and uniform. As a result of the "permeable insulation," Japan's response to the global and domestic challenges of the 1990s is neither one of full acceptance nor rejection of global standards and practices. Instead, the basic scheme is one of pragmatic utilization of new rules and circumstances to continue industrial policies of promotion or protection in a new post-developmental era. By bringing together in-depth case studies of eight critical issue areas, this book looks at Japan's responses to globalization and move toward "permeable insulation." Part 1 introduces the reader to the concept of "permeable insulation" and provides a detailed review of past practices and changes in policy. Part 2 deals with international trade issues, Japan's compliance with and resistance to global trade rules, and the domestic interests visible in Japan's compliance. Part 3 focuses on domestic measures and policies that Japanese firms have used to adapt to the changes, within Japan and abroad, triggered by globalization and liberalization.
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 415 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.
