Deflation continues in Japan. The domestic corporate goods price index, excluding the effect of the consumption tax, has continuously declined since 1992. Moreover, the consumer price index (excluding fresh food) has declined since 1998. Why, then, does deflation continue? What do economists...

Economic growth was achieved by inputs of labor and capital, and by technological progress. Therefore, to achieve good economic performance, there can be no disturbances that impede free and efficient inputs of labor and capital in the market, and that technology progress is vigorous. There are...

Japan's economy today is plagued with a persistent deflation. From the early 1870s to the middle of the 1990s, however, Western countries too suffered from deflation. At that time, those countries experienced a fall in prices despite of a rise in money supply. In Japan, there is a controversy...

Though the Japanese government has established several economic policies concerning the promotion of IT investment (including investment tax credit (ITC) from 2003 FY), there are few academic papers on IT investment in Japan. It is thus important to analyze empirically which factors affect IT...