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Book On Japanese Economy

The Japanese Economy
by David Flath

Japan remains one of the dominant economic powers. Yet the Japanese economy is one of the most misunderstood phenomena in the modern world. Conventionally, Japan is presented as the exception to mainstream economic theory: an exception to the standard models of modern economics. This book demolishes that notion, bringing the full analytical power of economic thought to all aspects of the most dramatic economic success story in recent times. David Flath concentrates on four main themes: Japan’s economic growth and development; Japan’s integration with the world economy; Government policies and their effects; Economic institutions and practices. By applying common economic tools such as the Solow growth model, Modigliani’s life-cycle model of saving, Becker’s theory of investment, Samuelson’s theory of revealed preference, Coase’s exposition of the problem of social cost, and the modern theory of industrial organization, this book shows that the mainstream principles of economics apply in Japan as successfully as they do elsewhere. Revised and updated to take account of recent developments in Japanese banking and macroeconomics, this book is an indispensable resource for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it natural choice for anyone interested in comprehending the rise of the Japanese economy.

The Japanese Economy
by Takatoshi Ito, Takatoshi Itō

“This is the first book economists and their students should turn to for an overview on the structure and operation of the Japanese economy today. There is no remotely close substitute for Takatoshi Ito’s Lucid survey.”
— Gary Saxonhouse, Professor of Economics, University of Michigan A comparative perspective and an analytic approach grounded in mainstream economics distinguish this broad, accessible introduction to the Japanese economy. Throughout, Ito utilizes standard economic concepts in comparing Japan with the United States in terms of economic performance, underlying institutions, and government policies.

Referring to cultural factors where appropriate, Ito subjects the basic facts about the Japanese economy to modern theoretical and empirical scrutiny, discussing macroeconomic growth, business cycles, monetary and fiscal policies, industrial structures and policies, the labor market, saving and investment, and international trade and finance.

Ito reviews relevant aspects of Japan’s history before launching into a broad analysis of the country’s markets and its economic policies. He concludes with a look at such contemporary economic issues as the Japanese distribution system, Japanese asset prices, and US-Japan trade conflicts.

The New, Emerging Japanese Economy
by Panos Mourdoukoutas

Mourdoukoutas New Emerging Japanese Economy documents the rise of the old Japan economy, identifies the reasons and their domestic and international effects, then charts Japan’s rapid decline, and the effects that this largely unexpected event had on the conduct of business globally. But now the signs point to Japan’s economic recovery – and the importance of this cannot be overestimated. Not only will it provide benefits to the Japanese people, these same benefits will extend to Japan’s trading partners worldwide. The result will be new opportunities, but new challenges as well for unwary foreign management. Mourdoukoutas analyzes the Japanese economy, from rise to fall to rise again, and relates his findings, analyses, and interpretations directly to the conduct of world trade, not only between Japan and the U.S. but with other partners as well. In doing so he makes it possible for corporate management at the highest levels to determine for itself what its strategic response should be – how to select, create, and sell innovative goods and services, and how to design new business methods to maximize gains and guard against losses. The result is a rigorously pragmatic, readable guide for international business people in various capacities and at the highest corporate levels, as well as a challenging, provocative analysis for individuals interested in business management and world trade.

Princes of the Yen
by Richard Werner

This eye-opening book offers a disturbing new look at Japan’s post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan’s economy experienced vast swings in activity.

According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan’s economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan’s most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan’s business cycle, identifies the key figures behind Japan’s economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.

The Japanese Economy
by Mitsuo Saito

This is an introduction to the Japanese economy. The general feature of the Japanese economy, together with its historical and geographical background, is first described. Its famous rapid economic growth in the 1960s are then analyzed quantitatively in the light of the econometric findings. The facts on the saving ratio, trade balances, technical progress, industrial structure, business cycles, economic development and so on are presented, and their relation to the economic performance are discussed. The elementary economic concepts and theories are also explained with illustrations from the Japanese economy, so that the book may be easily accessible to the general readers. The readers of the book will acquire a bird’s-eye view of the Japanese economy and the theoretical elucidation of its special features.

The Power to Compete
by Hiroshi Mikitani, Ryoichi Mikitani

“If you’re as interested in Japan as I am, I think you’ll find that The Power to Compete is a smart and thought-provoking look at the future of a fascinating country.” – Bill Gates, “5 Books to Read This Summer”

Father and son – entrepreneur and economist – search for Japan’s economic cure

The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the “Japan Disease.” As founder and CEO of Rakuten, one of the world’s largest Internet companies, author Hiroshi Mikitani brings an entrepreneur’s perspective to bear on the country’s economic stagnation. Through a freewheeling and candid conversation with his economist father, Ryoichi Mikitani, the two examine the issues facing Japan, and explore possible roadmaps to revitalization. How can Japan overhaul its economy, education system, immigration, public infrastructure, and hold its own with China? Their ideas include applying business techniques like Key Performance Indicators to fix the economy, using information technology to cut government bureaucracy, and increasing the number of foreign firms with a head office in Japan. Readers gain rare insight into Japan’s future, from both academic and practical perspectives on the inside.

Mikitani argues that Japan’s tendency to shun international frameworks and hide from global realities is the root of the problem, while Mikitani Sr.’s background as an international economist puts the issue in perspective for a well-rounded look at today’s Japan.

  • Examine the causes of Japan’s endless economic stagnation
  • Discover the current efforts underway to enhance Japan’s competitiveness
  • Learn how free market “Abenomics” affected Japan’s economy long-term
  • See Japan’s issues from the perspective of an entrepreneur and an economist

Japan’s malaise is seated in a number of economic, business, political, and cultural issues, and this book doesn’t shy away from hot topics. More than a discussion of economics, this book is a conversation between father and son as they work through opposing perspectives to help their country find The Power to Compete.

Information, Incentives and Bargaining in the Japanese Economy
by Masahiko Aoki

This book is not another parable of Japan’s economic success; it provides rich and systematic descriptions of Japanese microeconomic institutions and interprets their workings in terms familiar to Western economists. A systematic, in-depth analysis of Japanese institutions of this kind has never been available before. In making his comparative analysis of the Japanese system, the author critically examines conventional notions about the microstructure of the market economy that have strongly shaped and influenced economists’ approach to industrial organization. While these notions may constitute an appropriate foundation for the analysis of the highly market-oriented Western economies, the author has found that a more complete understanding of the Japanese economy requires us to broaden such “specific” notions. Topics include the internal information structure, incentive scheme, and capital structure of the Japanese firm; corporate and bureaucratic behavior from the viewpoint of bargaining game theory; subcontract design; functions of corporate grouping; the pattern of innovation; and the possible impacts of cultural factors.

The postwar Japanese economy
by Takafusa Nakamura

After a historical survey moving from the period of reconstruction and reform to the rapid-growth 1960s and early 1970s, the book turns to an analysis of the organization of Japan’s economy, with special emphasis on the “dual structure” of large modern-sector firms and small traditional-sector entrepreneurial firms. By the 1980s, the economy had moved from rapid growth into a period of stable growth, financial reform, and a new sense of its global responsibilities as an economic power. At the end of the decade, a period of wealth-building ended in unrealistically inflated expansion; this “bubble” burst in the early 1990s, and the book ends with a discussion of the new economic realities for Japan.

by William Pesek

An in-depth look at Japan’s economic malaise and the steps it must take to compete globally

In Japanization, Bloomberg columnist William Pesek—based in Tokyo—presents a detailed look at Japan’s continuing twenty-year economic slow-down, the political and economic reasons behind it, and the policies it could and should undertake to return to growth and influence. Despite new Prime Minister Shinzo Abe’s promise of economic revitalization, investor optimism about the future, and plenty of potential, Japanization reveals why things are unlikely to change any time soon.

Pesek argues that “Abenomics,” as the new policies are popularly referred to, is nothing more than a dressed-up version of the same old fiscal and monetary policies that have left Japan with crippling debt, interest rates at zero, and constant deflation. He explores the ten forces that are stunting Japan’s growth and offers prescriptions for fixing each one.

  • Offers a skeptical counterpoint to the popular rosy narrative on the economic outlook for Japan
  • Gives investors practical and detailed insight on the real condition of Japan’s economy
  • Reveals ten factors stunting Japan’s growth and why they are unlikely to be solved any time soon
  • Explains why most of what readers believe they know about Japan’s economy is wrong
  • Includes case studies of some of the biggest Japanese companies, including Olympus, Japan Airlines, Sony, and Toyota, among others

For many investors, businesspeople, and economists, Japan’s long economic struggle is difficult to comprehend, particularly given the economic advantages it appears to have over its neighbors. Japanization offers a ground-level look at why its problems continue and what it can do to change course.