Suchergebnisse

An introduction to the Japanese economy -- Historical background of the Japanese economy -- Economic growth -- Business cycles, and a boom and bust -- Financial markets and supervision -- Monetary policy -- Public finance -- Saving, demography, and social security -- Industrial structure -- The labor market -- International trade -- International finance -- Us-Japan economic conflicts -- Lost two decades.

Despite recent upheavals, Japan remains one of the dominant economic powers at the end of the twentieth century. Yet the Japanese economy is one of the most misunderstood phenomena in the modern world. Conventionally, Japan is presented as the exception to mainstream economic theory, an exception to the standard models of modern economics. This book demolishes that notion, bringing the full analytical power of economic thought to all aspects of the most dramatic economic success story in recent times. David Flath concentrates on four main themes: Japan's economic growth and development; Japan's integration with the world economy; Government policies and their effects; and, Economic institutions and practices. Aimed at 3rd/4th year undergraduate and graduate courses on Japan, this book will be indispensable both for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it a natural choice for any interested in comprehending the rise of the Japanese economy.

This book provides a comprehensive survey of Japan's economic history and current situation. It offers a concise description of Japanese economic institutions and events, integrated with cogent explanations rooted in economic logic. Extensive annotation to the scholarly literature.

The book offers a concise account of modern Japanese economic history and the essence of postwar macroeconomic issues and policy. The nature of the Japanese corporation, labour relations and technological innovations are discussed, with three chapters devoted to Japan's international economic relations and trade surplus, service sector (including distribution, health and education) and with Japan's quality of life (relating to matters such as pollution and urbanisation).

Although still the world's third largest economy, Japan continues to feel the effects of the collapse of a massive asset price bubble in the early 1990s. In recent years further setbacks, including both the Asian and global financial crises, and the 2011 Fukushima earthquake, have only added to the economy's difficulties and made its prospects under Abenomics at best mixed.Hiroaki Richard Watanabe examines the ups and downs of Japan's postwar economic history to offer an up-to-date and authoritative guide to the workings of Japan's economy. The book highlights the country's distinct business networks and its unique state-market relationship. It explores the characteristic institutional complementarity that exists among different sectors and business practices and gives particular attention to human factors, such as labour market dualism, gender discrimination and migration. Although often associated in western minds with futuristic automated efficiency, Japan's economy, Watanabe shows, retains many inefficient and peculiar business practices that do not comply with global standards.The book provides readers with a concise survey of Japan's recent economic history, the economy's characteristic features and the challenges it faces.

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- Translator's Note -- 1: High Economic Growth, 1955-70 -- 1.1 Introduction -- 1.2 How High Was the Growth Rate? -- 1.3 Low Capital Coefficient -- 1.4 The Increase in the Investment Ratio -- 1.5 Personal Savings -- 1.6 The Relative Price of Investment Goods and Consumption Goods -- 1.7 The End of HEGP -- 2: Business Cycles, International Balance of Payments and Inflation -- 2.1 Introduction -- 2.2 The Business-Cycle Pattern -- 2.3 The Change in the International Balance of Payments Situation -- 2.4 Inflation - The New Ceiling for the Business Cycle -- 2.5 New Elements Affecting Growth and the Business Cycle -- Appendix 2.1: The Tenkeiki' Debate -- Appendix 2.2: Productivity Differential Inflation -- 3: From High to Low Growth -- 3.1 Introduction -- 3.2 The Causes -- 3.3 Problems of Adjustment -- 3.4 A New Phase of Growth -- 4: Industrial Structure and Organization -- 4.1 Introduction -- 4.2 Industrialization and Changes in the Industrial Structure -- 4.3 Industrial Organization -- 5: Recent Developments in Industrial Structure and Organization -- 5.1 Introduction -- 5.2 Industrial Adjustment in the 1970s -- 5.3 Expanding Industries and Companies of Recent Years -- 6: Japan's Financial System -- 6.1 Introduction -- 6.2 Indirect Financing -- 6.3 The Banks' Role in Savings and Investment -- 6.4 Artificially Low Interest Rates -- 6.5 The Liberalization of Interest Rates -- 7: Social Changes -- 7.1 Introduction -- 7.2 Distribution of Income and the Spread of Consumer Durables -- 7.3 Savings and Labour Supply -- 7.4 The Future of Japan's 'Middle-Class Society -- 8: Government Economic Policies -- 8.1 Introduction -- 8.2 The Objectives of Government Economic Policy -- 8.3 The Decision-Making Machinery -- 8.4 Stabilization Policies and Industrial Policies.