This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …

materialize, the Bank of Japan (BoJ) should act swiftly through further and/or longer- dated asset purchases. Communication should … coming years with uncertain net effects—higher exports and capital outflows—in the short term. As long as Japan continues …

This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a … employment protection between regular and non-regular workers would substantially reduce labor market duality in Japan. One …

We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …

particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self …

moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase …