Your search for: japanese AND economy

The Japanese economy has shown paradoxical changes. Its success in forming a company-centered society generated the long downturn toward zero-growth capitalism. The successful spread of information technologies resulted in the deterioration of economic life among working people and a wide fall in ...

The Japanese economy has shown paradoxical changes. Its success in forming a company-centered society generated the long downturn toward zero-growth capitalism. The successful spread of information technologies resulted in the 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 promoted difficulties among people. This book offers lucid reconsideration of neoliberalism through concrete Japanese experiences.

This work proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. The approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However ...

This work proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. The approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However, by maintaining that real demand constraints are important not only in the short-run, but in the long-run as well, it goes beyond what is normally understood as the Keynesian approach. It is also very different from the New Keynesian Economics; in particular, it regards the rigidity of nominal wages/prices as of secondary importance. The work is extensively illustrated by almost 200 figures and tables of data.

Japan today is caught up in chronic economic crisis, its financial system wracked by record-breaking bankruptcies and its companies hobbled by bad balance sheets, overproduction, and weak consumer demand. In turn, Japan's faltering fortunes have sent shock waves across Asia, triggering the collapse ...

Japan today is caught up in chronic economic crisis, its financial system wracked by record-breaking bankruptcies and its companies hobbled by bad balance sheets, overproduction, and weak consumer demand. In turn, Japan's faltering fortunes have sent shock waves across Asia, triggering the collapse of economies in South Korea, Thailand, and other Asian countries that followed its model for rapid growth and development. While a growing chorus of Japanese politicians, business leaders, and economic analysts blame the current troubles on the misguided policies of Japan's Ministry of Finance, the root of Japan's malaise lies more fundamentally in the contradictory relationship that first made it an economic powerhouse: the combination of businesses that aggressively compete for profits in the best tradition of free enterprise with a government bureaucracy that controls the economy with a heavy thicket of regulation and guidance. And so far, despite ringing declarations of reform, the entrenched bureaucracy shows little willingness -- or ability -- to make the significant reforms that Japan (and its Asian economic disciples) needs to recover. In this book, a cross-section of Japanese, American, and European journalists and authorities in the business, political, and economic sectors examine the problems caused by over-regulation, and offer solutions for reshaping the Japanese marketplace. In Part One, former Japanese Prime Minister Yasuhiro Nakasone, Vice Minister of Finance Eisuke Sakakibara, and some of America's and Japan's leading experts on the Japanese economy map out the long road to regulatory reform. They analyze the postwar origins of today's bureaucracy, current attitudes towardregulation among politicians and the public, and the changes in both policymaking and mind set that must occur to achieve true reform. Part Two focuses on the effects of over-regulation, using illuminating case studies involv