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Economic Stagnation in Japan

Edited by Dongchul Cho, Takatoshi Ito () and Andrew Mason

in Books from Edward Elgar Publishing

Abstract: Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.

Keywords: Asian Studies; Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2018
ISBN: 9781788110433
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Chapters in this book:

Ch 1 Introduction and overview , pp 1-14 Downloads
Dongchul Cho, Takatoshi Ito and Andrew Mason
Ch 2 Japanization: is it spreading to the rest of the world? , pp 17-55 Downloads
Takatoshi Ito
Ch 3 GDP growth from the perspective of demographic change: will aging Korea become another Japan? , pp 56-78 Downloads
Kyooho Kwon
Ch 4 Export dynamics of Japan, Korea and China , pp 79-96 Downloads
Kyu-Chul Jung
Ch 5 Product market efficiencies and TFP: a comparative study of Japanese and Korean firms , pp 99-120 Downloads
Keiko Ito and YoungGak Kim
Ch 6 Misallocation in the manufacturing sector of Korea: a micro data analysis , pp 121-136 Downloads
Jiyoon Oh
Ch 7 Financial market efficiency: a comparative perspective , pp 139-162 Downloads
Mitsuhiro Fukao
Ch 8 How to deal with the rise of zombie firms in Korea , pp 163-180 Downloads
Daehee Jeong
Ch 9 Deflation and monetary policy , pp 183-201 Downloads
Barry Eichengreen
Ch 10 Is Korea’s monetary policy following in the footsteps of Japan? , pp 202-231 Downloads
Dongchul Cho
Ch 11 Aging and housing prices: the cases of Korea and Japan , pp 232-260 Downloads
Inho Song
Ch 12 Avoiding another “lost decadeâ€: what role for fiscal policy? , pp 263-287 Downloads
Jerry Schiff and Ikuo Saito
Ch 13 Lessons for Korea from Japan’s fiscal policy , pp 288-312 Downloads
SeongTae Kim

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