Japan suggests that foreign firms sell five to six times more in Japan than is commonly believed. Previous studies severely … underestimated the stock of FDI in Japan due to poor data. Second, after finding that even after adjusting for various factors the … level of FDI in Japan is still low, the paper explores explanations for this phenomenon. A second main conclusion is that …

economics to build a Törnqvist inflation index for Japan between 1989 and 2010. Our comparison of this true inflation index with …Official price indexes, such as the CPI, are imperfect indicators of inflation calculated using ad hoc price formulae … different from the theoretically well-founded inflation indexes favored by economists. This paper provides the first estimate of …

competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous …. We find that lower tariffs and higher import volumes would have been particularly beneficial for Japan during the period … productivity growth. Our findings on Japan suggest that the salutary impact of imports stems more from their contribution to …

, but not for other goods. E-commerce also lowered relative inflation rates for goods sold intensively online. We overcome …

2 percent per year. This overstatement in the Japanese CPI in combination with Japan's low inflation rate is likely to …. Little attention is paid in Japan to substitution biases and quality upgrading. This implies that important methodological … differences have emerged between the U.S. and Japan since the U.S. started to correct for these biases in 1999. We estimate that …

We analyze fiscal policy and fiscal sustainability in Japan using a variant of the methodology developed in Blanchard … (1990). We find that Japan can achieve fiscal sustainability over a 100-year horizon with relatively small changes in the …. This means that monetization of the debt will have little impact on Japan's fiscal sustainability because Japan's problem …

for forty regions of Japan. Our results identify important effects of a region's own size, as well as cost linkages …-Arrow-Romer externalities do not appear to be robust in our data. Landlocked status does not matter for productivity of regions in Japan. The … differences. A simple counterfactual shows that if economic activity were spread evenly over the forty regions of Japan, aggregate …