Download or read book Japanese Monetary Policy written by Kenneth J. Singleton and published by University of Chicago Press. This book was released on 2007-12-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.
Download or read book Housing Markets in the United States and Japan written by Yukio Noguchi and published by University of Chicago Press. This book was released on 2007-12-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Japan and the United States are the world's leading economies, there are significant differences in the ways their wealth is translated into living standards. A careful comparison of housing markets illustrates not only how living standards in the two countries differ, but also reveals much about saving patterns and how they affect wealth accumulation. In this volume, ten essays discuss the evolution of housing prices, housing markets and personal savings, housing finance, commuting, and the impact of public policy on housing markets. The studies reveal surprising differences in housing investment in the two countries. For example, because down payments in Japan are much higher than in the United States, Japanese tend to delay home purchases relative to their American counterparts. In the United States, the advent of home equity credit may have reduced private saving overall. This book is the first comparison of housing markets in Japan and the United States, and its findings illuminate the effects of housing markets on productivity growth, business investment, and trade.
Download or read book Recent Developments in the Foreign Trade of Japan Particularly in Relation to the Trade of the United States written by United States Tariff Commission and published by . This book was released on 1936 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Postwar Developments in Japan s Foreign Trade written by United States Tariff Commission and published by . This book was released on 1958 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Developments in Japanese Economics written by Ryuzo Sato and published by Academic Press. This book was released on 2014-05-10 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments in Japanese Economics provides information pertinent to the fundamental aspects of the developments in Japanese economics. This book presents the process innovative aspect of Japanese science and technology. Organized into three parts encompassing 12 chapters, this book begins with an overview of the heterogeneous capital goods model that is stable even with an infinitely short forecast. This text then emphasizes that the changes in capital accumulation are relevant for economic growth and decline. Other chapters consider the examples of how Japanese economists apply theory to empirical endeavors. This book discusses as well the durable capital stock of the Japanese manufacturing industries. The final chapter attempts to investigate the validity of the theory of self-dual demand functions, which can be integrated into consumer's utility function, by using both Japanese and U.S. data. This book is a valuable resource for economists, sociologists, political scientists, financial historians, statisticians, and research workers.
Download or read book Mission Incomplete written by Sayuri Shirai and published by . This book was released on 2018-07-31 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April 2013 the Bank of Japan launched an unprecedented quantitative and qualitative monetary easing policy. It was thought that a 2% price stability target could be achieved within 2 years; 4 years on and we are still mission incomplete. Mission incomplete! This phrase neatly captures the progress made by the Bank of Japan (BOJ) in reflating the economy. In April 2013, the BOJ launched an unprecedented quantitative and qualitative monetary easing policy. The BOJ was certain that the 2% price stability target would be achieved within 2 years. About 4 years later, the BOJ lags behind other major central banks, with actual inflation and inflation expectations still well below 2%. What happened? And what should the BOJ do next? This former policy maker's account expertly traces and analyzes the policy's consequences.
Download or read book The United States and the World Economy Foreign Economic Policy for the Next Decade written by C. Fred Bergsten and published by Peterson Institute. This book was released on 2005 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Japan s Economic Revival written by D. Citrin and published by Springer. This book was released on 2008-10-09 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on Japan's recent recovery from a decade-long stagnation, with particular attention to the unfinished policy agenda and the international spillovers of Japan's policies, through background studies (both analytical and descriptive) by IMF economists.
Download or read book The Development of Economics in Japan written by Toichiro Asada and published by Routledge. This book was released on 2014-04-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the development of economics in Japan from the inter-war period to the 2000s focusing on the international theoretical contributions of Japanese economists. The first focal point is the international contributions of Japanese economists before and after World War II. The second focal point is the controversies concerning macroeconomic policies in Japan in the period of the ‘Great Depressions’ in the 1930s and the period of Japanese ‘Great Stagnation’ in the 1990s and the early 2000s. In short, economics in Japan is considered from both a theoretical and a policy-oriented point of view. The intimate relationship between economic theory, thought and policy is also fully examined, as well as the development of both academic and non-academic (practical) Japanese economics and the influence of Marx, Walras, Keynes, Fisher and Cassell.
Download or read book Japan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2020-02-10 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in population dynamics to try and understand to what extent demographic trends have influenced housing market prices in Japan in the past twenty years. Large cities, notably the Greater Tokyo area, are experiencing net migration inflows, while other regions are experiencing net migration outflows. Due to the durability of housing compared to other forms of investment, the magnitude of house price declines associated with population losses is larger than that of house price increases associated with population gains. These model-based predictions are likely to underestimate the actual fall in house prices associated with future population losses, as expectations of lower housing prices in the future could trigger more population outflows and disposal of houses, especially in rural areas. The paper suggests policy measures to help close regional disparities and avoid potential over-investment by taking account of demographic trends for housing supply.
Download or read book The Economic Development of Japan written by Ryoshin Minami and published by Springer. This book was released on 1986-12-12 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Minami studies the last hundred years of Japan's remarkable economic growth from the Meiji period up to the present day. First he reveals the factors which account for Japan's successful economic take-off during the Meiji period. Secondly he explains why Japan achieved a more rapid rate of economic growth than other developed countries. This forms the major part of the book and will interest those people in the developed countries who have felt the full force of Japan's export drive and whose own industries are consequently in decline. Finally the author evaluates the results of Japan's economic growth and makes predictions for its future. The book makes a comprehensive survey of the Japanese experience in the pre- and postwar periods and points out lessons not only for developed countries but also for developing countries struggling to achieve a similar take-off.
Download or read book The Growth Idea written by Scott O'Bryan and published by University of Hawaii Press. This book was released on 2009-08-26 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our narratives of postwar Japan have long been cast in terms almost synonymous with the story of rapid economic growth. Scott O’Bryan reinterprets this seemingly familiar history through an innovative exploration, not of the anatomy of growth itself, but of the history of growth as a set of discourses by which Japanese "growth performance" as "economic miracle" came to be articulated. The premise of his work is simple: To our understandings of the material changes that took place in Japan during the second half of the twentieth century we must also add perspectives that account for growth as a new idea around the world, one that emerged alongside rapid economic expansion in postwar Japan and underwrote the modes by which it was imagined, forecast, pursued, and regulated. In an accessible, lively style, O’Bryan traces the history of growth as an object of social scientific knowledge and as a new analytical paradigm that came to govern the terms by which Japanese understood their national purposes and imagined a newly materialist vision of social and individual prosperity. Several intersecting obsessions worked together after the war to create an agenda of social reform through rapid macroeconomic increase. Epistemological developments within social science provided the conceptual instruments by which technocrats gave birth to a shared lexicon of growth. Meanwhile, reformers combined prewar Marxist critiques with new modes of macroeconomic understanding to mobilize long-standing fears of overpopulation and "backwardness" and argue for a growthist vision of national reformation. O’Bryan also presents surprising accounts of the key role played by the ideal of full employment in national conceptions of recovery and of a new valorization of consumption in the postwar world that was taking shape. Both of these, he argues, formed critical components in a constellation of ideas that even in the context of relative poverty and uncertainty coalesced into a powerful vision of a materially prosperous future. Even as Japan became the premier icon of the growthist ideal, neither the faith in rapid growth as a prescription for national reform nor the ascendancy of social scientific epistemologies that provided its technical support was unique to Japanese experience. The Growth Idea thus helps to historicize a concept of never-ending growth that continues to undergird our most basic beliefs about the success of nations and the operations of the global economy. It is a particularly timely contribution given current imperatives to reconceive ideas of purpose and prosperity in an age of resource depletion and global warming.
Download or read book Tumultuous Times written by Masaaki Shirakawa and published by Yale University Press. This book was released on 2021-01-01 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.
Download or read book Japan s New Economy written by Magnus Blomström and published by Oxford University Press. This book was released on 2001 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan's economy stumbled in the 1990s, after four decades of rapid growth that transformed Japan into a wealthy country at the world's technological frontier. This volume explores the forces that will drive structural and institutional change in Japan over the next decade.
Download or read book Understanding the Costs of Deflation in the Japanese Context written by Mr.Taimur Baig and published by International Monetary Fund. This book was released on 2003-11-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode. The impact of deflation owing to the zero interest rate bound on monetary policy, wage rigidity, redistribution of wealth from debtor to creditor, and inflexibilities in the financial sector are examined. It is seen that the generalized decline in the Japanese price level, however gradual or mild, has substantially exacerbated the economy's adjustment process under already difficult economic conditions.
Download or read book Japan s Lost Decade written by Naoyuki Yoshino and published by Springer. This book was released on 2017-09-20 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Current Price Developments and the Problem of Economic Stablization written by United States. Congress. Joint Committee on the Economic Report and published by . This book was released on 1947 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews consumer demand, shortages, removal of wartime price regulations, and expansion of the money supply impact on prices and inflation.
