Background

The Editors

Japanese Economy, 2002, vol. 30, issue 4-5, 5-29

Abstract: If you want to understand how a foreign economy functions, you must first know how that economy differs from, say, the U.S. economy, which is more familiar to you. Japan differs from the United States in many aspects. These differences are important because they condition how individual national economies work in their respective ways. So, even though you are to apply the same set of standard tools of economic analysis whether you study the United States or Japan, you must be aware that these differences make the set of tools work differently in the United States and Japan. In this background article, we describe a few of these differences, which are important in understanding the Japanese economy.

Date: 2002
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DOI: 10.2753/JES1097-203X3004055

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