Japans New Economy

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Overview

This volume fills an important gap in the existing economic literature. While much has been written about Japan's pre-1990s institutions and economic performance, this text is unique in its forward-looking orientation - trying to understand not only the institutional and structural changes that have already reshaped Japan in the 1990s, but to identify the critical trends and institutional changes that will mould Japan's new economy over the next decade.
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Product Details

  • ISBN-13: 9780199241729
  • Publisher: Oxford University Press, USA
  • Publication date: 1/28/2001
  • Pages: 344
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.10 (d)

Meet the Author

Stockholm School of Economics

both at University of Hawaii at Manoa

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Table of Contents

List of Contributors
Introduction 1
Pt. I Macroeconomic Changes in Japan
1 Historical, Structural, and Macroeconomic Perspectives on the Japanese Economic Crisis 29
2 Population, Labor Force, Saving, and Japan's Future 48
3 Will Japan's Current Account Turn to Deficit? 75
4 Japan's Public Pension System in the Twenty-First Century 99
5 Japanese Labor Markets: Can We Expect Significant Change? 120
Pt. II The Regulatory Regime and Industrial Restructuring in Japan
6 Central Banking, Financial, and Regulatory Change in Japan 145
7 Japan's Big Bang and the Transformation of Financial Markets 162
8 Has Japan Specialized in the Wrong Industries? 175
9 The Sogo Shosha: Finding a New Role? 198
10 Regulatory Reform in Japan: The Road Ahead 215
Pt. III Foreign Direct Investment, Trade, and Regional Integration
11 FDI in the Restructuring of the Japanese Economy 245
12 A New Millennium for Japanese-North American Economic Policy Relations? 263
13 Japan as Number Three: Effects of European Integration 286
14 Economic Development in China and Its Implications for Japan 307
Index 323
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