Japan

  • External Realities May Ruin Japan’s Economic Experiment: Mohamed El-Erian

    External Realities May Ruin Japan’s Economic Experiment: Mohamed El-Erian

    Weeks into Japan's paradigm shift in economic policy, optimism that the country may end a quarter-century of economic stagnation is balanced by fears that the authorities' new approach may make things worse. And, while debate naturally focuses on Japan's internal manoeuvres, the tipping point may lie abroad.

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  • A Major Rethink For Japan’s Age-Old Problem?

    A Major Rethink For Japan’s Age-Old Problem?

    Since 2000, Japan has managed to offset its shrinking labour force with increased worker productivity – at a rate higher than most other advanced economies. But, Japan’s productivity gains are soon reaching its limits and the nation must once again find new solutions to maintain economic progress amidst the world’s fastest aging population.

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  • Japan’s Gamble on Growth: Joseph Stiglitz

    Japan’s Gamble on Growth: Joseph Stiglitz

    Despite persistent deflation and tepid economic growth, things are looking up for Japan under the new Prime Minister. Shinzo Abe’s Keynesian-inspired reform programme is essentially a replay of what Takahashi Korekiyo achieved in the 1930s, when Japan escaped the Great Depression with a triple-barrelled blast of monetary, fiscal and structural stimulus.

    TOKYO – Japanese Prime Minister Shinzo Abe’s programme for his country’s economic recovery has led to a surge in domestic confidence. But to what extent can “Abenomics” claim credit?

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  • Returning The Reserves: Why Japan Must Focus On Consumption Not Investment

    Returning The Reserves: Why Japan Must Focus On Consumption Not Investment

    Despite recent rhetoric by Japanese Prime Minister Shinzo Abe, the Japanese economy remains in dire straits – with ‘Abenomics’ simply the past LDP neo-Keynesian policies on steroids. The time is right for Japan to redistribute its reserves back to its people. Not utilizing the reserves now is like not opening the umbrella in your hand when you are in a downpour.

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  • The Return Of Abenomics: A New, Old Hope For Japan’s Economy?

    The Return Of Abenomics: A New, Old Hope For Japan’s Economy?

    The ascent to power of the Democratic Party of Japan marked the end of Japan's one-party state, dominated by the Liberal Democratic Party since 1955. However, the DPJ was unable to address the challenges Japan faced, was internally unstable, and spent scarce political clout to support a controversial retail sales tax increase – ensuring the subsequent return of the LDP and Shinzo Abe in the 2012 general election. Given a second chance, how will the LDP fare?

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  • The Missing Link in Japan’s Lost Decades

    The Missing Link in Japan’s Lost Decades

    The Japanese economy crashed in the late 1980s and annual growth has since averaged 0.8 percent – despite the Bank of Japan’s zero interest rate strategy. For two decades, the Japanese economy was characterised by meagre growth, unemployment and persistent deflation, forcing businesses in Japan to slash costs and add value to their production. Comparisons have been made, increasingly, between America’s stagnant economic growth and Japan’s lost decade, and in this light, it is worthwhile revisiting the lessons from Japan.

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  • Japan’s Enduring Resilience: Lessons For The Rest Of The World

    Japan’s Enduring Resilience: Lessons For The Rest Of The World

    One year ago, Japan was ravaged by an earthquake and tsunami disaster that not only destroyed homes and infrastructure, but also led a nuclear catastrophe at the Fukushima Daiichi power plant. Yet today, the country can take heart that so many of its people, children in particular, are alive because of its early-warning systems, safety drills, and a strong emphasis on disaster-risk reduction.

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