The Japanese Political Economy

1972 - 2026

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Introduction: Secular stagnation in East Asia pp. 1-6: Robert Rowthorn, D. Hugh Whittaker and Nobuharu Yokokawa
Secular stagnation in East Asia: Structural, cyclical, or political? pp. 7-31: Brieuc Monfort
Korea on the edge: Demographic failure in a rich economy pp. 32-58: David Coleman
Growth, stagnation, and resilience–the Japanese manufacturing industry in the post-Cold-War period pp. 59-101: Takahiro Fujimoto
Military Keynesianism and East Asia pp. 102-121: Giorgio d’Agostino, J. Paul Dunne and Luca Pieroni
Will China enter a secular stagnation? Implications from Japan’s experience in urban housing development pp. 122-139: Tomoo Marukawa
The politics of innovation in Japan: retention capacity, leakage, and lock-in in the national innovation system pp. 140-167: Apostolos Vetsikas
“Urban solutions” as the state’s crisis management strategy: the decades-long reproduction of Tokyo’s built environment pp. 168-192: Mingze Bai and Chenxi Gao

Introduction: Secular stagnation and the end of capitalism pp. 371-382: Radhika Desai
Secular stagnation or long depression? pp. 383-406: Michael Roberts
Japan’s unconventional monetary policy and the impoverishment of the working class: The failure of the “cheap Japan strategy” pp. 407-432: Sosuke Morimoto
Demographic decline, end of growth, and the euthanasia of the capitalist class: macroeconomic dilemma for the three East Asian economies pp. 433-452: Minqi Li
Capitalism, political power, and social transformation in Mexico (2000–2025): The struggle among capital, state, and people in the redefinition of the economic model pp. 453-482: Alicia Puyana and Reyes José Morales Pérez
Financial instability and business cycles in a capitalist economy pp. 483-501: Kenshiro Ninomiya

JPE 51-3 editorial introduction pp. 253-255: Nobuharu Yokokawa
The impact of military spending on profit rate in the US, 1870–2015 pp. 256-271: Adem Elveren
Foreign residents and public assistance in Japan pp. 272-290: Masanori Kuroki
Socio-economic conditions and firm survival amid the COVID-19 pandemic: Evidence from Kyushu-Okinawa region, Japan pp. 291-327: Ichiro Iwasaki and Ryota Murakami
Income inequality and elections’ financing: New evidence from Brazil and Japan pp. 328-356: Felipe Roviello and Maurício S. Bugarin
The relationship between revenue and expenditure in modern Japan: A wavelet-based analysis of 150 years pp. 357-370: Yu Wang and Nagatomi Hirayama

Digital money: New forms and old contradictions pp. 1-9: Costas Lapavitsas
The arduous path to moneyness: Cryptocurrencies compared to mobile money pp. 10-30: Costas Lapavitsas
Political economy of private cryptofinance. Technology and social relations pp. 31-54: Juan J. Duque
Could cryptocurrencies become monetary units of account? pp. 55-79: Nicolás Aguila
Displacement and complementarity between cryptocurrencies and legacy money pp. 80-104: Matteo Giordano
Beyond singularity and multipolarity: Functional fragmentation in the international monetary system pp. 105-132: Hanin Khawaja
The digital dollarization dilemma: Stablecoins and monetary subordination pp. 133-158: Carla Coburger
The struggle to become money: Bitcoin and the REC pp. 159-179: Sergi Cutillas Marquez
Hampered digitalization: Institutional failure and new instability in Japan pp. 180-207: Saori Shibata and Sebastien Lechevalier
The Japanese Financial Services Agency from 1998 to 2010: A regulatory state in the making pp. 208-232: Guillaume Larrouturou
Real exchange rate changes and employment in emerging economies: Sectorial analysis pp. 233-251: Nabil Alimi

Introduction to premature deindustralisation pp. 259-263: Robert Rowthorn and Nobuharu Yokokawa
Premature deindustrialization: A cautionary note pp. 264-275: Robert Rowthorn
A note on premature deindustrialization pp. 276-304: Hajime Sato and Hiroshi Kuwamori
Is Southeast Asia falling into a Latin American-style middle-income trap? pp. 305-337: José Gabriel Palma and Jonathan Pincus
Premature deindustrialization in Latin America: Comparative analysis of Argentina, Brazil, and Mexico pp. 338-353: Martin Lábaj and Erika Majzlíková
Premature deindustrialization, inter-sectoral employment shifts, and accelerated servicization pp. 354-373: Kazunori Fujimoto and D. Hugh Whittaker
China’s foreign policy in the Global Economy – Focus on the Belt and Road Initiative and US-China confrontation pp. 374-401: Hitoshi Hirakawa
Evaluating the impact of trade remedy measures on mature Japanese industries pp. 402-422: Keiichi Iwase and Shuichi Ishida
Correction pp. 423-424: The Editors

Introduction to special issue of the Japanese political economy: The rise and fall of the export-led industrialization model in the changing global economy pp. 115-119: Tomoo Marukawa
How can the value added of Vietnam’s export industries be increased? pp. 120-140: Haruhiko Nakamura and Tomoo Marukawa
India’s growth in the era of secular stagnation pp. 141-160: Eri Ikeda and Kannan Kumar
Korea’s economic growth and the growth model in the changing global economy pp. 161-184: Kang-Kook Lee
Japanese climate capitalism? Toward an understanding of industry’s changing attitudes toward climate change mitigation in Japan pp. 185-206: Myles Carroll
Interbank organization and central banking: Beyond M. Itoh’s contribution to the theory of credit and crisis pp. 207-228: Hideaki Tanaka
The welfare effects of partial tariff reduction in Japan pp. 229-252: Akihito Asano and Michiru Sakane
Book review of Modern Japanese Economic Thought: An Intellectual History to 1950 pp. 253-258: Gilles Campagnolo

Editorial introduction pp. 1-4: Nobuharu Yokokawa and Costas Lapavitsas
The Japanese history of Marxian value-form analysis: Focusing on the Unoist approach pp. 5-24: Kei Ehara and Akihito Imai
Unoist contributions to the triangular debate on money theory in Japan pp. 25-46: Tsuyoshi Yuki
Keynes and the drunkard under the lamp post: Making sense of Palley pp. 47-62: Arne Heise
Keynes’ denial of conflict: A reply to Professor Heise’s critique pp. 63-65: Thomas Palley
Exchange rate misalignment and trade fluctuations in Morocco: Empirical evidence pp. 66-90: Nor-Eddine Oumansour and Zainab Azghour
Russo-Ukrainian War and the emerging new globalization: a critical review of relevant research pp. 91-113: Charis Vlados and Dimos Chatzinikolaou