Structural Reforms Proposed in the Japanese Government's Mid-term Economic Plan PDF Download

Author: Takafumi Kaneko
Publisher:
ISBN:
Category : Japan
Languages : en
Pages : 48

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Author: RIETI
Publisher: Springer
ISBN: 9789811519895
Category : Business & Economics
Languages : en
Pages : 322

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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: Craig Freedman
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

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The rise and relative decline of the Japanese economy has been an important feature of the world economy since the late 1980s. This book re-evaluates commonly held perceptions in the West and in Japan about the strength of the Japanese economy, shedding new light on Japan's current economic situation and prescribing policies to restructure the domestic economy in order to achieve growth objectives.

Author: Naoyuki Yoshino
Publisher: Springer
ISBN: 981105021X
Category : Business & Economics
Languages : en
Pages : 187

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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: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257

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This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

Author: Ikuo Kabashima
Publisher: Cornell University Press
ISBN: 0801457637
Category : Political Science
Languages : en
Pages : 203

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Book Description
Changing Politics in Japan is a fresh and insightful account of the profound changes that have shaken up the Japanese political system and transformed it almost beyond recognition in the last couple of decades. Ikuo Kabashima—a former professor who is now Governor of Kumamoto Prefecture—and Gill Steel outline the basic features of politics in postwar Japan in an accessible and engaging manner. They focus on the dynamic relationship between voters and elected or nonelected officials and describe the shifts that have occurred in how voters respond to or control political elites and how officials both respond to, and attempt to influence, voters. The authors return time and again to the theme of changes in representation and accountability. Kabashima and Steel set out to demolish the still prevalent myth that Japanese politics are a stagnant set of entrenched systems and interests that are fundamentally undemocratic. In its place, they reveal a lively and dynamic democracy, in which politicians and parties are increasingly listening to and responding to citizens' needs and interests and the media and other actors play a substantial role in keeping democratic accountability alive and healthy. Kabashima and Steel describe how all the political parties in Japan have adapted the ways in which they attempt to organize and channel votes and argue that contrary to many journalistic stereotypes the government is increasingly acting in the "the interests of citizens"—the median voter's preferences.

Author: Tompson William
Publisher: OECD Publishing
ISBN: 9264073116
Category :
Languages : en
Pages : 501

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By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.

Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
ISBN: 1589068181
Category : Business & Economics
Languages : en
Pages : 62

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Book Description
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.

Author: Robert Pekkanen
Publisher: BRILL
ISBN: 9004380558
Category : Political Science
Languages : en
Pages : 556

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Book Description
This work collects decades of the best published scholarship in English on the unequivocally most successful political party in Japanese history: the Liberal Democratic Party (the LDP). Governing Japan for almost the entirety of the post-war period, the LDP also has a claim to be the most successful political party in any post-war democracy. Seminal articles in this collection explore the key aspects of the LDP: the party’s evolution since its founding in 1955; key facets of the LDP’s internal organization including factions and koenkai; the LDP in policy-making, including its relationship with the bureaucracy and interest groups, as well as its policy-making committee apparatus; and, party leadership, including the premierships of Junichiro Koizumi and Shinzo Abe.

Author: Rameshwar Tandon
Publisher:
ISBN:
Category : India
Languages : en
Pages : 32

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