The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to …

The Great Recession pushed Japan's unemployment rate to historic highs, but the increase has been small by … international standards and small relative to the large output shock. This paper explores Japan's cyclical labor market response to …

The evolution of the rate of price inflation and unemployment in Japan has been modeled within the Phillips curve … unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a link between inflation …-term inflation and unemployment forecast: the GDP deflator will be negative (between -0.5% and -2% per year) during the next 40 years …

Past and future evolution of inflation, (t), and unemployment, UE(t), in Japan is modeled. Both variables are … and lagged generalized relationship between inflation, unemployment and labor force has been also obtained for Japan: (t … in Japan: CPI inflation will be negative (between -0.5% and -1% per year) during the next 40 years. Unemployment will …