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Japan was hit hard by the global financial crisis even though its relatively resilient financial system initially … real economy. In this environment, Japan was particularly vulnerable because of the structural changes that had taken place … States and Western Europe. The structural changes had two components. First, over 90% of Japan's exports consisted of highly …
Persistent link: https://www.econbiz.de/10003901431
In this paper we examine the changing nature of Japan's commercial policy over the last 25 years while reviewing Japan …'s changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan adopted a … Japan-US bilateralism sometimes resulted in "managed trade" and encountered negative perceptions of the US approach in Japan …
Persistent link: https://www.econbiz.de/10008732267
The Great East Japan Earthquake on 11 March 2011 was the biggest earthquake recorded in Japanese seismic history, and …-generated electric power has largely been cut off since then. Production supply chains were significantly disrupted, not only in Japan …, but all over Asia. The disaster also highlighted Japan's many other structural challenges besides reconstruction needs …
Persistent link: https://www.econbiz.de/10009579526
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Japan's "two lost decades" perhaps represent an extreme example of a weak recovery from a financial crisis, and are now …
Persistent link: https://www.econbiz.de/10009771825
This paper discusses Japan's strategy for Asian monetary integration. It argues that Japan faces three major policy … countries assuming a leadership role in this endeavor. There is no question that Japan and the PRC are such potential leaders … creating a stable monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and …
Persistent link: https://www.econbiz.de/10010343515
rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical … trade specialization vis-à-vis the PRC and the PRC's USdollar- pegged regime. This outcome suggests that, even though Japan …
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