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This book examines the causes of the Japanese deflationary economy, characterized as a structural deflation, and discusses how to alleviate the prolonged slowdown in order to restore Japan to a trajectory of high economic growth, with a special focus on the function of income distribution.
This book, based on economics and game theory, analyzes the changes that Japan is now facing as a reflection of changes in Japanese families and society. The author presents a simple framework for the structural relationship among markets, communities including families, and the state; and uses it to explain the changes that have occurred in Japanese society. Social changes have created a series of social problems such as population ageing, poverty, and regional disparities, which require changes in public policies. The book provides readers with rich information about the Japanese social security system, social policies and regional policies by explaining why they are developed, how they are designed, and what challenges they face. Readers will find that the transformation of Japanese society is not really a special case but a fairly common one that many developed countries have experienced and many developing countries are going to experience. The book will be useful not only to those who are interested in Japanese society and public policies but also to anyone who is interested in the transformations of families, communities, and roles of the state in a modern market economy.
IFO Institute for Economic Research, Sakura Institute ofResearch, Japan
Author : IFO Institute for Economic Research, Sakura Institute ofResearch, Japan Publisher : Springer Science & Business Media Page : 534 pages File Size : 41,79 MB Release : 2012-12-06 Category : Business & Economics ISBN : 4431658653
The aim of this book is to evaluate accurately economic development mechanism and to extract valuable lessons from a comparison of the economic development of Japan and that of Germany. The book covers an extensive range of economic issues: (1) macro-economic factors: capital, labor, technology; (2) macro-economic policies: financial, monetary, industrial; (3) external shocks to both economies: oil crises, exchange rate fluctuations, environmental problems; (4) development processes of major industries: steel, chemicals, and automobiles. The analyses with this systematic and comprehensive approach provide useful insights for the general reader as well as guidelines for developing countries and for Eastern European countries in transition.
Introduction : A historic survey of macroeconometric models in Japan / Shinichi Ichimura -- ch. 1. Factors for rapid growth of the Japanese economy : A social accounting approach / Shinichi Ichimura -- ch. 2. Social accounting analysis of Japan's lost 90s / Hyun Suk -- ch. 3. Business indexes and survey data for forecast / Yuji Shimanaka and Tatsushi Shikano -- ch. 4. Factor proportions and foreign trade : The case of Japan / Masahiro Tatemoto and Shinichi Ichimura -- ch. 5. Interregional interdependence and regional economic growth in Japan / Takahiro Akita -- ch. 6. The flying-geese pattern of East Asian development : A computable general equilibrium approach / Mitsuo Ezaki and Shoichi Ito -- ch. 7. A flow-of-funds analysis of quantitative monetary policy / Kazusuke Tsujimura and Masako Tsujimura -- ch. 8. An econometric model of Japanese economic growth, 1878-1937 / Lawrence R. Klein -- ch. 9. An econometric model of Japan, 1930-1959 / Lawrence R. Klein and Yoichi Shinkai -- ch. 10. Osaka ISER model. I. An outline of the model / Lawrence R. Klein and Shinichi Ichimura. II. Detailed discussion of the model / Shinichi Ichimura, Lawrence R. Klein, Susumu Koizumi and Kazuo Sato. III. Dynamic properties of the model / Shinichi Ichimura and Lawrence R. Klein -- ch. 11. The Japan model for World Project LINK / Kanemi Ban -- ch. 12. The Saito model of the Japanese economy / Mitsuo Saito -- ch. 13. High frequency model vs. consensus forecast / Yoshihisa Inada -- ch. 14. Policy alternatives for Japan toward 2020 / Shuntaro Shishido, Akira Kawakami and Kiyoshi Tamashiro
Since the end of World War II, the Japanese economy has seen rapid changes and remarkable progress. It has also experienced a bubble economy and period of prolonged stagnation. The book seeks to address three major questions: What kind of changes have taken place in the postwar years? In what sense has there been progress? What lessons can be drawn from the experiences? The book is organized as follows: It begins with an overview of the postwar Japanese economy, using data to highlight historical changes. The four major economic issues in the postwar Japanese economy (economic restoration, rapid economic growth, the bubble economy and current topics) are addressed, with particular focus on the meaning of economic growth and the bubble economy. The next chapters examine the important economic issues for Japan related to a welfare-oriented society, including income distribution, asset distribution, and the relative share of income. Another chapter deals with the household structure of Japan, the pension issue, and the importance of the effect of demographic change on income distribution. The final chapter gives a brief summary, examines quality of life as a lesson of this research, and briefly outlines a proposal for a basic design towards achieving a high satisfaction level society. This book will be of interest to economists, economic historians and political scientists and would be useful as a text for any course on the Japanese economy.