Networks, norms, and alliances -- Japan's financial system and persistence of systemic support -- The politics of the Japanese credit rating industry -- Japan's ideational developments and corporate governance -- The dilution of systemic support and growing contradictions.

There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...