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| Author | : Bai Gao |
| Publisher | : |
| Total Pages | : 300 |
| Release | : 2001 |
| Genre | : Financial crises |
| ISBN | : 9780511328510 |
Bai Gao's analysis of Japan's economic story goes beyond other analyses to demonstrate how the same economic institutions could produce stunning economic success and the slump of the 1990s. Those who have been following the lively debate over 'What became of the Japanese miracle?' will be rewarded by Gao's contribution.
| Author | : Naoyuki Yoshino |
| Publisher | : Springer |
| Total Pages | : 187 |
| Release | : 2017-09-20 |
| Genre | : Business & Economics |
| ISBN | : 981105021X |
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.
| Author | : Bai Gao |
| Publisher | : Cambridge University Press |
| Total Pages | : 320 |
| Release | : 2001-08-27 |
| Genre | : Business & Economics |
| ISBN | : 9780521793735 |
The Japanese economy, after decades of seemingly unsurpassable competitiveness, experienced a major crisis in the 1990s. Observers of Japan are faced with a challenging question: How can one explain Japan's reversal from stunning prosperity to dismal stagnation? Bai Gao, in this illuminating, comprehensive analysis of Japan's economic story goes beyond other analyses to demonstrate how the same economic institutions could produce both stunning economic success and the slump of the 1990s. By comparing the factors that sustained miracle growth in Japan in the 1960s and 1970s with the factors that led to the bubble economy of the late 1980s, Gao sheds new light on internal tensions in the Japanese economic system and how, finally, they 'burst the bubble' in the 1990s. Those who have been following the lively debate over 'What Became of the Japanese Miracle?' will be rewarded by Gao's richly detailed, historically informed, and multilayered contribution.
| Author | : Dr. Jeffrey Record |
| Publisher | : Pickle Partners Publishing |
| Total Pages | : 105 |
| Release | : 2015-11-06 |
| Genre | : History |
| ISBN | : 1786252961 |
Japan’s decision to attack the United States in 1941 is widely regarded as irrational to the point of suicidal. How could Japan hope to survive a war with, much less defeat, an enemy possessing an invulnerable homeland and an industrial base 10 times that of Japan? The Pacific War was one that Japan was always going to lose, so how does one explain Tokyo’s decision? Did the Japanese recognize the odds against them? Did they have a concept of victory, or at least of avoiding defeat? Or did the Japanese prefer a lost war to an unacceptable peace? Dr. Jeffrey Record takes a fresh look at Japan’s decision for war, and concludes that it was dictated by Japanese pride and the threatened economic destruction of Japan by the United States. He believes that Japanese aggression in East Asia was the root cause of the Pacific War, but argues that the road to war in 1941 was built on American as well as Japanese miscalculations and that both sides suffered from cultural ignorance and racial arrogance. Record finds that the Americans underestimated the role of fear and honor in Japanese calculations and overestimated the effectiveness of economic sanctions as a deterrent to war, whereas the Japanese underestimated the cohesion and resolve of an aroused American society and overestimated their own martial prowess as a means of defeating U.S. material superiority. He believes that the failure of deterrence was mutual, and that the descent of the United States and Japan into war contains lessons of great and continuing relevance to American foreign policy and defense decision-makers.
| Author | : Adam Simon Posen |
| Publisher | : Peterson Institute |
| Total Pages | : 216 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 9780881322620 |
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 | : Franklin B. Weinstein |
| Publisher | : Equinox Publishing |
| Total Pages | : 390 |
| Release | : 2007 |
| Genre | : Political Science |
| ISBN | : 9789793780566 |
How can an underdeveloped country like Indonesia draw on outside resources for its national development without sacrificing its independence? Approaching the problem from the vantage point of the Indonesian elite, this important work explores the complex interactions between domestic political factors and the shaping of foreign policy. To illustrate the ways in which underdevelopment has affected Indonesia's international participation, Professor Weinstein presents a graphic picture of what Indonesia's leaders see when they view the outside world, and he systematically seeks out the sources of their perceptions. He shows that most of the elite see the international system as dominated by exploitative powers that cannot be relied on to assist Indonesia's development. He examines the relationship between perceptions and politics under both Sukarno and Soeharto and offers an illuminating comparison of the bases of foreign policy under each leader, revealing dramatic changes and surprising continuities. His cogent analysis helps to explain the sharp reversal of policy in 1966, and his conclusions form a convincing hypothesis that can be tested in other Third World countries. This book, now brought back to life as a member of Equinox Publishing's Classic Indonesia series, will attract specialists in Southeast Asia, as well as readers with a broader interest in the politics and economics of underdeveloped countries. FRANKLIN B. WEINSTEIN was Director of the Project on United States-Japan Relations at Stanford University, where he also taught in the Department of Political Science. A graduate of Yale University, he received his PhD from Cornell University.
| Author | : Edward A. Olsen |
| Publisher | : Routledge |
| Total Pages | : 126 |
| Release | : 2019-03-04 |
| Genre | : Political Science |
| ISBN | : 0429726120 |
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.
| Author | : Nancy R. Rosenberger |
| Publisher | : University of Hawaii Press |
| Total Pages | : 234 |
| Release | : 2019-01-31 |
| Genre | : Social Science |
| ISBN | : 0824882474 |
In Dilemmas of Adulthood, Nancy Rosenberger investigates the nature of long-term resistance in a longitudinal study of more than fifty Japanese women over two decades. Between 25 and 35 years of age when first interviewed in 1993, the women represent a generation straddling the stable roles of post-war modernity and the risky but exciting possibilities of late modernity. By exploring the challenges they pose to cultural codes, Rosenberger builds a conceptual framework of long-term resistance that undergirds the struggles and successes of modern Japanese women. Her findings resonate with broader anthropological questions about how change happens in our global-local era and suggests a useful model with which to analyze ordinary lives in the late modern world. Rosenberger’s analysis establishes long-term resistance as a vital type of social change in late modernity where the sway of media, global ideas, and friends vies strongly with the influence of family, school, and work. Women are at the nexus of these contradictions, dissatisfied with post-war normative roles in family, work, and leisure and yet—in Japan as elsewhere—committed to a search for self that shifts uneasily between self-actualization and selfishness. The women’s rich narratives and conversations recount their ambivalent defiance of social norms and attempts to live diverse lives as acceptable adults. In an epilogue, their experiences are framed by the aftermath of the 2011 earthquake and tsunami, which is already shaping the future of their long-term resistance. Drawing on such theorists as Ortner, Ueno, the Comaroffs, Melucci, and Bourdieu, Rosenberger posits that long-term resistance is a process of tense, irregular, but insistent change that is characteristic of our era, hammered out in the in-between of local and global, past and future, the old virtues of womanhood and the new virtues of self-actualization. Her book is essential for anyone wishing to understand how Japanese women have maneuvered their lives in the economic decline and pushed for individuation in the 1990s and 2000s.
| Author | : Magnus Blomström |
| Publisher | : Routledge |
| Total Pages | : 415 |
| Release | : 2006-08-21 |
| Genre | : Business & Economics |
| ISBN | : 113418056X |
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.
