The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … well as the whole deflationary period started in the late 1990s. The Phillips curve for Japan confirms the original concept … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a …

Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are … linear and lagged generalized relationship between inflation, unemployment and labor force has been also obtained for Japan … unemployment in Japan: CPI inflation will be negative (between -0.5% and -1% per year) during the next 40 years. Unemployment will …

numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear …

. Blanchard and Galí (2007a) show real rigidities to introduce a trade-off between stabilising inflation and the welfare …