The Tradition of Change in Japan

Magnus Blomstrum, Byron Gangnes () and Sumner La Croix

No 200011, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Japan's slow growth in the 1990s has raised concerns that Japanese political and economic institutions are not responding effectively to domestic problems and increased global competition. But Japan's stagnant macroeconomic performance masks structural changes and economic reforms now underway. These changes are gradually transforming Japanese institutions from their traditional role as supports for catch-up growth to the needs of a mature economy. This paper is the introduction to a forthcoming volume that takes a forward-looking view at important trends for the coming decade and their implications for Japan, its markets and its relationship with the world.

Keywords: Japan; institutions; structural change (search for similar items in EconPapers)
JEL-codes: O53 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2000
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Published in Magnus Blomström, Byron Gangnes and Sumner La Croix, eds., Japan’s New Economy: Continuity and Change in the 21st Century, Oxford University Press, 2000.

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