This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …

cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s …

cuts in legislated standard hours that raised employers' overtime costs in Japan around 1990 and Korea in the early 2000s …

This study examines how aging affects labor productivity using industry-level data of Japan and Korea. The analysis … shows that, for both Japan and Korea, aging has positive effects on labor productivity when older workers are working in … average, older workers exert positive effects on labor productivity across all industries when they are low-educated in Japan …

Japan using a sign restriction VAR model to determine whether a Japanese-style monetary policy can be implemented in Korea …. Results indicate considerable differences between Korea and Japan in their monetary policy transmission channels. Conventional … relatively well in Japan. However, in Korea, the interest rate channel is effective but has only a short-term effect on the …