The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Both Japan and parts of the European Monetary Union have experienced boom and bust in stock and real estate markets … public debt and monetary policy in the context of crisis. It is shown for Japan that the attempts to maintain regional … expansion. Econometric estimations show that in Japan regional redistribution of funds has ensured homogeneous living conditions …

The European Union and Japan have recently launched negotiations about a bilateral free trade agreement as means of …

We exploit Japan's 19th century move from autarky to free trade to provide the first test of the general validity of … a single refutable prediction on the economy's factor content of trade. Our test combines factor price data from Japan …'s late autarky period with Japan's factor content of trade calculated with the technologies of the country of origin of …

How do financial development and financial integration interact? We focus on Japan's Great Recession after 1990 to … reference to prefectures' different historical pathways to financial development. After Japan's opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

' energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from …, we ask what the political reasons for the failure of carbon markets in Japan are and how they can be overcome. We use … Public Choice arguments, but also analyze actual climate policy making in Japan on a case study basis. Thus, on the one hand …

. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …