Financialisation and the Financial and Economic Crises: The Case of Japan

Mimoza Shabani and Jan Toporowski
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Jan Toporowski: School of Oriental and African Studies, University of London

FESSUD studies from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This study examines the financialisation process in Japan with the aim of identifying the channels of transmission of financialisation on short and long run economic development. The first section gives an overview of the long-run development of the Japanese economy dating back to 1980. The second section analyses the effect of financialisation on income distribution, investment and household consumption as well as discusses the development of the country’s current account. The third section identifies the transmission mechanism of the latest economic crisis. It is argued that financialisation in Japan has not been significant and thus has had no explicit effect on the recession the country experienced in 2008-2009. Section four concludes

Keywords: Japan; financialisation; financial crisis (search for similar items in EconPapers)
JEL-codes: E25 E44 F30 P16 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2015-04-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (6)

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