Economic stagnation in Japan : exploring the causes and remedies of Japanization
Author(s)
Bibliographic Information
Economic stagnation in Japan : exploring the causes and remedies of Japanization
(KDI/EWC series on economic policy)
Edward Elgar, c2018
Available at 14 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
"A joint publication of the Korea Development Institute, the East-West Center, and Edward Elgar Publishing Ltd"
Includes bibliographical references and index
Description and Table of Contents
Description
Japan?s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term '?Japanization'? is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judicious volume investigates in depth the causes of Japan?s ?lost decades? versus the real recovery achieved by the United States, and the lessons that can be learned.
This book helps to provide a basis for assessing a wide range of policy approaches from which policymakers and governments can choose to avoid economic decline. The expert contributions provide an overview of the pattern of '?Japanization'? in a global economic perspective, analyze similarities and differences between the Korean and Japanese economies, and examine policies taken by Japan during the lost decades. From this analysis, the book proposes future policy solutions for countries experiencing ?'Japanization'?.
Economic stagnation and the relevant policy reactions have been of keen interest around the globe since the global financial crisis and this book will be an invaluable resource for scholars, policymakers, and economic commentators alike.
Contributors include: D. Cho, M. Fukao, K. Ito, T. Ito, D. Jeong, K.-C. Jung, S.T. Kim, Y.G. Kim, K. Kwon, A. Mason, J. Oh, I. Saito, J. Schiff, I. Song
Table of Contents
Contents:
Preface
1. Introduction and overview
Dongchul Cho, Takatoshi Ito and Andrew Mason
PART I AGING, INDUSTRY MATURATION AND JAPANIZATION
2. Japanization: Is it spreading to the rest of the world?
Takatoshi Ito
3. GDP growth from the perspective of demographic change: Will aging Korea become another Japan?
Kyooho Kwon
4. Export dynamics of Japan, Korea and China
Kyu-Chul Jung
PART II RESOURCE ALLOCATIONS AND TFP
5. Product market efficiencies and TFP: A comparative study of Japanese and Korean firms
Keiko Ito and YoungGak Kim
6. Misallocation in the manufacturing sector of Korea: A micro data analysis
Jiyoon Oh
PART III ROLES OF FINANCIAL MARKETS
7. Financial market efficiency: A comparative perspective
Mitsuhiro Fukao
8. How to deal with the rise of zombie firms in Korea
Daehee Jeong
PART IV MONETARY POLICY AND HOUSE PRICES
9. Deflation and monetary policy
Barry Eichengreen
10. Is Korea's monetary policy following in the footsteps of Japan?
Dongchul Cho
11. Aging and housing prices: The cases of Korea and Japan
Inho Song
PART V JAPANIZATION AND FISCAL POLICY
12. Avoiding another "lost decade": What role for fiscal policy?
Jerry Schiff and Ikuo Saito
13. Lessons for Korea from Japan's fiscal policy
SeongTae Kim
Index
by "Nielsen BookData"