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Japan's Economic Planning and Mobilization in Wartime, 1930s-1940s
by Yoshiro MiwaAlthough most economists maintain a (justifiable) mistrust of a government's goals when it intervenes in an economy, many continue to trust its actual ability. They retain, in other words, a faith in state competence. For this faith, they adduce no evidence. Sharing little skepticism about the government ability, they continue to expect the best of governmental intervention. To study government competence in World War II Japan offers an intriguing laboratory. After all, governments direct wars. They decide whether to prepare for them, when to initiate them, how to execute them, and the terms on which to end them. Toward that end, the public sometimes grants them as much power as it can feasibly grant. And in Japan during World War II, the public granted the state the maximum power. In this book, Yoshiro Miwa shows that the Japanese government did not conduct requisite planning for the war by any means. It made its choices on an ad hoc basis, and the war itself quickly became a dead end. That the government planned for the war incompetently casts doubts on the accounts of Japanese government leadership more generally.
Japan's Economic Revival: Policy Challenges in a Globalized World
by Daniel A. Citrin Alessandro ZanelloThis 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.
Japan's Financial Revolution and How American Firms are Profiting
by Stephen M. HarnerThis book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors.Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit.
Japan’s Financial Slump
by Yasushi SuzukiThis book evaluates the salient features of Japanese relation-based banking, particularly in the post war period, and Anglo-American mode of banking to explain the nature and extent of transition failure that caused prolonged financial and economic slump in Japan.
Japan's Foreign Aid: Old Continuities and New Directions (Routledge Contemporary Japan Series #Vol. 2)
by David AraseFilling a gap in the existing literature, this book analyzes the distinctive features of Japan’s development aid, especially technical co-operation, in comparison with other donors’ aid. Incorporating a wealth of research, it discusses whether Japan is behind other leading donor countries in rethinking its aid policy and whether it lacks transparency, sensitivity to recipient needs, and a coherent and coordinated policy that targets poverty. The volume assesses the nature and effectiveness of the administration of Japan’s aid, and explores the degree of involvement of private sector and non-governmental organizations (NGOs). Including contributions from experts with direct experience with Japanese ODA, the book provides a wide range of recipient and donor viewpoints and presents important policy recommendations.
Japan's Foreign Aid Challenge (Routledge Library Editions: Japan)
by Alan RixWhen this volume was published in 1993 it was the first comprehensive analysis of the major policy issues confronting Japan’s massive foreign aid programme. It deals with the philosophy behind Japan’s aid, Japanese reactions to the severe criticisms of its programmes and the beginnings of meaningful administrative reform of the complex aid system. Alan Rix goes on to examine the widespread innovation in programmes and policies to make Japan’s aid more responsive and the impact of the Asian bias in Japan’s aid.
Japan’s Foreign Aid Policy in Africa: Evaluating the TICAD Process
by Pedro Amakasu RaposoJapan's Foreign Aid Policy in Africa seeks to evaluate TICAD's intellectual contribution to and its development practices regarding Africa over the past 20 years. A central conclusion is that, while TICAD bureaucrats lacked agency to support Japanese companies in Africa, the model of emerging powers partnerships has expanded in Africa.
Japan's Foreign Policy Since 1945
by Kevin J. CooneyThis student-friendly text provides a detailed and up-to-date assessment of Japan's foreign policy since 1945, including policy options and choices that Japan faces in the twenty-first century. Using information based on interviews with policymakers in Japan, the author provides new insight into Japan's foreign policy options and analyzes the nation's evolving role in international affairs. The book begins with a brief overview of major issues related to Japan's foreign policy since the mid-nineteenth century, and then focuses on the direction of Japanese foreign policy from 1945 to the present. It examines issues such as Article Nine of the Japanese Constitution, national security needs, the way Japan views the world around it, the role of nationalism in setting policy, and the influence of big industry. It also includes material on Japan's response to 9/11 and the war in Iraq. Designed for both undergraduate and graduate level courses, the text includes Discussion Questions, maps, a detailed bibliography with suggestions for further reading, and an Appendix with the Japanese Constitution for easy reference.
Japan�s Great Stagnation and Abenomics
by Masazumi WakatabeAs the global Great Recession continues, policymakers, economists, and the public are turning to Japenses economic revitalization for answers. Paul Krugman, Nobel laureate in Economics, once said that Japan was a 'full-dress rehearsal for the current crisis. ' Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. Japan's Great Stagnation and Abenomics chronicles Japan's Great Stagnation and reveals the striking similarities of economic events and policies between the Great Stagnation and the current Great Recession. It also suggests possible dangers ahead and way-outs in the future. This exciting new volume is based on Wakatabe's expertise in economic history and the history of economic ideas and argues that any policy decision is related to cultural ideology. An investigation into the relationshipbetween cultural ideology and policy helps us better understand the policy-making process.
Japan's Industrious Revolution
by Akira HayamiThis book explains in fascinating detail how economic and social transformations in pre-1600 Japan led to an industrious revolution in the early modern period and how the fruits of the Industrious Revolution are what have supported Japan since the eighteenth century, improving living standards and leading to the formation of the work ethic of modern Japan. The arrival of the Sengoku Period in the sixteenth century saw the emergence and domination of government by the warrior class. It was Tokugawa Ieyasu who unified the realm. Yet this unity did not give rise to an autocratic state, as the shogun was recognized merely as a main pillar of the warrior class. Economically, however, from the fourteenth century, currency payments for shōen nengu (taxes paid to the proprietor) became standard, and currency circulation began, primarily in the central region. Under Tokugawa rule, organized domestic coinage of currency began, opening the way to establishing a national economic society. Also, agricultural land was surveyed through cadastral surveys known as kenchi. Land values were converted in terms of rice, so the expected rice yields for each village were assessed, and the lords used this as a benchmark for imposing taxes. In the sixteenth and seventeenth centuries, Japan experienced a "great transition," and conditions for peasants, agriculture, and farming villages underwent great changes. Inefficient traditional agriculture using peasants in a state of servitude was transformed into highly efficient small-sized farming operations which relied on family labor. As production yields increased due to labor-intensive agriculture, the profits obtained by the peasants improved their living standards. The stem-family system became the norm through which work ethics and even literacy were transmitted. This very change was the result of the "industrious revolution" in Japan. The book thus presents the framework of the facts of pre-industrial Japanese history and depicts pre-modern Japan from a macroscopic point of view, showing how the industrious revolution came about. It is certain to be of great interest to economists and historians alike.
Japan’s Long Stagnation, Deflation, and Abenomics: Mechanisms and Lessons
by Kenji AramakiThis book examines the struggles of the Japanese economy over the last 30 years, analyzing in detail the formation of the huge economic bubble in the 1980s, its collapse at the beginning of the 1990s, and subsequent two decade long economic stagnation and chronic deflation, with the aim of identifying the mechanism of such processes and drawing lessons for future economic policy management. The book also assesses the comprehensive policy efforts called “Abenomics” under the current Abe administration. As Abe continues into a new term, this book will be of interest to Japan scholars, economists, and policymakers around the world, particularly in Asia.
Japan's Lost Decade
by Tim Callen Jonathan D. OstryFor thirteen years excess capacity and debt have weighed down the Japanese economy. This weak economic performance has implications for the world economy as a whole and so the IMF has been involved in a dialogue with the Japanese authorities to identify the policies needed to bring it out of its slump. The papers in this book are part of the process of identifying the causes and proposing solutions. They examine the weakness of the financial sector; corporate restructuring and structural reforms; fiscal policy; monetary and exchange rate policy and the impact of Japanese economic policies on the rest of Asia. The overall conclusion is that although a start has been made on necessary reforms, much still needs to be done
Japan's Missing Arrow?
by Hilary White Laura AlfaroIn late December 2014, Shinzo Abe was elected to another term as the prime minister of Japan. His re-election was largely interpreted as a vote of confidence for his economics policies, collectively referred to as "Abenomics." Comprised of three "arrows," including expansionary monetary policy, fiscal stimulus, and structural reform, these strategies were designed to reverse Japan's two-decade long challenge with deflation and sluggish growth. Japan also faced several worrisome structural issues, including a demographic crisis, strict labor regulations, and low wage growth, despite low unemployment, in addition to a debt balance that reached 240% of GDP. As the Abe government launched a second round of quantitative easing, totaling 80 trillion per year, many wondered, would Abe's three arrows be enough to reverse Japan's problems with economic growth, rising debt, and persistent deflation?
Japan's New Imperialism (Japan In The Modern World Ser.)
by Rob StevenA full scale examination of the 1979 Sino-Vietnamese War - the events that led to it, the Cold War aftermath, and the implications for the region and beyond.
Japan's New Regional Reality: Geoeconomic Strategy in the Asia-Pacific (Contemporary Asia in the World)
by Saori N. KatadaSince the mid-1990s, Japan’s regional economic strategy has transformed. Once characterized by bilateralism, informality, and neomercantilism, Japanese policy has shifted to a new liberal strategy emphasizing regional institution building and rule setting. As two major global powers, China and the United States, wrestle over economic advantages, Japan currently occupies a pivotal position capable of tipping the geoeconomic balance in the region.Japan’s New Regional Reality offers a comprehensive analysis of Japan’s geoeconomic strategy that reveals the country’s role in shaping regional economic order in the Asia-Pacific. Saori N. Katada explains Japanese foreign economic policy in light of both international and domestic dynamics. She points out the hurdles to implementing a state-led liberal strategy, detailing how domestic political and institutional changes have been much slower and stickier than the changing regional economics. Katada highlights state-market relations and shows how big businesses have responded to the country’s interventionist policies. The book covers a wide range of economic issues including trade, investment, finance, currency, and foreign aid. Japan’s New Regional Reality is a meticulously researched study of the dynamics that have contributed to economic and political realities in the Asia-Pacific today, with significant implications for future regional trends.
Japan’s Population Implosion
by Yoichi FunabashiThis cutting edge collection examines Japan's population issue, exploring how declining demographic trends are affecting Japan's social structure, specifically in the context of Greater Tokyo, life infrastructure, public finance and the economy. Considering the failures of past Japanese policies from the perspective of population, national land, and politics, it argues that the inability of past administrations to develop a long-term and comprehensive policy has exacerbated the population crisis. This text identifies key negative chain reactions that have stemmed from this policy failure, notably the effect of population decline on future economic growth and public finances and the impact of shrinking municipalities on social and community infrastructure to support quality of life. It also highlights how population decline can precipitate inter-generational conflict, and impact on the strength of the state and more widely on Japan's international status. Japan is on the forefront of the population problem, which is expected to affect many of the world's advanced industrial economies in the 21st century. Based on the study of policy failures, this book makes recommendations for effective population policy - covering both 'mitigation' measures to encourage a recovery in the depopulation process as well as 'adaptation' measures to maintain and improve living standards - and provides key insights into dealing with the debilitating effects of population decline.
Japan's Postwar History
by Gary D. AllinsonJapan's Postwar History presents the first integrated analysis of the social, economic, and political changes that Japan has experienced since 1945. Drawing on more than three decades of first-hand experience with the country, Gary D. Allinson depicts a dynamic, often turbulent history and illuminates its impact on individuals, families, and communities. Between 1932 and 1952, war, devastation, and foreign occupation caused significant changes in Japan. However, the society that emerged during the 1950s still resembled its prewar predecessor in many ways, according to Allinson. Thereafter, by exploiting a fortunate combination of domestic and international conditions the Japanese people ushered in twenty years of extensive development. Growth created problems as well as profits and imposed some wrenching adjustments after the world economic crises of 1973 and 1979. Nonetheless, Japanese society steadily assimilated the benefits of affluence, Allinson argues. Until worldwide recession drew Japan into a severe economic downturn in the late 1980s, it continued to adapt to the social and political demands of a rich nation enmeshed in a global economy. By the mid-1990s, Japan had reached the end of a cycle of historical change. Plagued with uncertainty and striving to find a formula for regeneration, Japan once again found itself confronting the dilemmas of inequality, instability, and insecurity.
Japan’s Public Policy Companies
by Chalmers JohnsonA provocative study of the government-business relationship in Japan and why it works so well.
Japan's Quiet Transformation: Social Change and Civil Society in 21st Century Japan (Asia's Transformations)
by Jeff KingstonThe 1990s have been termed as 'Japan's lost decade' to describe how the phenomenal growth in the Japanese economy ground to a halt and the country was crippled by enormous and ongoing political, economic and social problems. In responding to these unprecedented difficulties, wide-ranging reforms have been adopted including NPO, information disclosure and judicial reform legislation. Controversially, this book argues that such reforms are creating a more robust civil society and demonstrate that Japan is far more dynamic than is generally recognized.
Japan's Response to Crisis and Change in the World Economy (Routledge Revivals)
by Michèle SchmiegelowOriginally published in 1986, after a period of global changes and financial crisis in the majority of industrialised countries, this book explores how Japan’s economy seemed to maintain its success. This study provides an overview of the Japanese case and the main schools of thought that arose from it by dealing with export-related issues such as reforms in foreign exchange and trade control laws and the internationalisation of Japan’s financial markets as well as more domestic issues such as employment and wages. This title will be of interest to students of Asian Studies and Economics.
Japan's Trade Policy: Action or Reaction? (Routledge Studies in the Growth Economies of Asia #Vol. 4)
by Yumiko MikanagiThis book explores the process of policy-making in Japan providing a valuable insight for academics and policy-makers into Japan's massive trade surpluses and the resultant mounting international pressure to resolve the situation.
Japan's War Economy (Routledge Studies in the Growth Economies of Asia #Vol. 21)
by Erich PauerThis book explores the substantial and dynamic innovations of the wartime era, identifying this period as the most influential for Japan's post-war economic structure. Erich Pauer and a team of leading Japanese and German scholars discuss important aspects of the Japanese wartime economy, including:* ideological background* the Japanese 'planned economy'* technical mobilization* women and the war economy* socio-economic change* food shortages, the black market and economic crime* national policy companies* financial reforms
Japan's Withdrawal from International Whaling Regulation
by Nikolas Sellheim Joji MorishitaThis book examines the impact and implications of Japan's withdrawal from the International Convention for the Regulation of Whaling (ICRW), which came into effect in July 2019. In 1982 the International Whaling Commission (IWC) adopted a moratorium on commercial whaling which has been in effect ever since, despite the resistance of some countries, first and foremost Japan, Norway and Iceland, that engage in commercial whaling. As one of the key contributors to scientific research and funding, Japan's withdrawal has the potential to have wide-ranging implications and this volume examines the impact of Japan's withdrawal on the IWC itself, on the governance of whaling, and on indigenous and coastal whaling. It provides backgrounds and commentaries on this decision as well as normative and legal discussions on matters relating to sustainable use of resources, and philosophies surrounding whaling in different IWC countries. The consideration of other international environmental regimes, such as the Convention on International Trade in Endangered Species (CITES) are also examined in order to determine the international ripple effect of Japan’s decision. The book reveals that this is not just a matter of whaling but one which has significant legal, managerial and cultural implications. Drawing on deep analyses of IWC structures, the book addresses core philosophies underlying the whaling debate and in how far these may influence environmental governance in the future. This book will be of great interest to students and scholars of environmental law and governance, biodiversity conservation and sustainable development, as well as policymakers involved in international environmental and conservation agreements.
Japan's Withdrawal from International Whaling Regulation (Routledge Studies in Conservation and the Environment)
by Nikolas Sellheim Joji MorishitaThis book examines the impact and implications of Japan’s withdrawal from the International Convention for the Regulation of Whaling (ICRW), which came into effect in July 2019. In 1982 the International Whaling Commission (IWC) adopted a moratorium on commercial whaling which has been in effect ever since, despite the resistance of some countries, first and foremost Japan, Norway and Iceland, that engage in commercial whaling. As one of the key contributors to scientific research and funding, Japan’s withdrawal has the potential to have wide-ranging implications and this volume examines the impact of Japan’s withdrawal on the IWC itself, on the governance of whaling, and on indigenous and coastal whaling. It provides backgrounds and commentaries on this decision as well as normative and legal discussions on matters relating to sustainable use of resources, and philosophies surrounding whaling in different IWC countries. The consideration of other international environmental regimes, such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), is also examined in order to determine the international ripple effect of Japan’s decision. The book reveals that this is not just a matter of whaling but one which has significant legal, managerial and cultural implications. Drawing on deep analyses of IWC structures, the book addresses core philosophies underlying the whaling debate and in how far these may influence environmental governance in the future. This book will be of great interest to students and scholars of environmental law and governance, biodiversity conservation and sustainable development, as well as policymakers involved in international environmental and conservation agreements.