Japan since 1980 / Thomas F. Cargill, Takayuki Sakamoto.

Format:

Book

Author/Creator:

Cargill, Thomas F., author.

Sakamoto, Takayuki, 1963- author.

Series:

World since 1980.

The World since 1980

Language:

English

Subjects (All):

Japan--Economic conditions--1989-.

Japan.

Japan--Economic conditions--1945-1989.

Japan--Economic policy--1989-.

Physical Description:

1 online resource (xiv, 314 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2008.

Language Note:

English

Summary:

An analysis of the performance of Japan's economic and political institutions from late 1970s to 2007. The authors explain how Japan's flawed response to new economic, political, and technological forces ushered in a lost decade and a half of economic development from 1990. Impressive economic performance in the 1980s masked an 'accident waiting to happen' - the collapse in equity and real estate prices in 1990-1. Japan's iron triangle of politicians, bureaucrats, and client industries, combined with a flawed financial liberalization process and policy errors by the Bank of Japan and the Ministry of Finance, brought Japan to an abyss of deflation, recession, and insolvency by the late 1990s. The turning point was the election of Koizumi as prime minister in 2001. The book explores Koizumi's economic reform, new developments in socioeconomic conditions, the politics and economy after Koizumi, and the economic and political challenges facing Japan in the new century.

Contents:

Economic and political institutions in the 1970s

The "high-water mark" of the Japanese economy

a "model" of financial liberalization: 1980 to 1985

An accident waiting to happen

the bubble economy from 1985 to 1990

Economic and financial distress from 1990 to 2001 and the turning point

Why did the economic and financial distress last so long?

The transition of political institutions in thee 1990s and the new century

Political economy of Japan's fiscal program

Koizumi administration's reform in broad perspective: fiscal consolidation and market reform

Japan's corporate governance, labor practices, and citizens' social and economic life at the beginning of the new century

Japanese political economy in the first decade of the new century.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-19630-2

1-281-79139-3

9786611791391

0-511-42949-5

0-511-42833-2

0-511-42987-8

0-511-42769-7

0-511-75433-7

0-511-42904-5

OCLC:

437222489