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 …

This paper argues that Japan's export growth is likely to slow sharply over the next few years, perhaps to zero. For … the past dozen years Japan's export volume has gown much more rapidly than her domestic production. This divergence was … factors are running in reverse. If Japan's export growth does slow sharply, the mechanism will be a very strong yen …