In the 1970s, the Japanese economy began facing serious employment problems. On the side of labor demand, the deceleration of economic growth considerably weakened the strengths of employment demand. This was particularly marked in manufacturing industries, which actually reduced employment in...

The Japanese economy experienced extreme vicissitudes in a short span of four decades, from the nineteen thirties to the sixties. More than half a century of steady economic growth was terminated by Japan's entry into a full-scale war with China in 1937, which escalated into World War II four...

Since the 1950s, Japan's stock market has gone into bubbles every ten years or so (early 1950s, early 1960s, and early 1970s). Then the 1980s saw a strong bubble that continued for several years (late 1982 to the end of 1989). What caused this bubble to be so strong? Our analysis of the...

The past two years have witnessed serious disruptions in the international monetary and trade systems, and Japan has played a central role in these events. Japan's trade surplus has continued to expand over the past few years; in 1971 it became so large that Japan's foreign exchange reserves...

This issue marks the twentieth year of >i>Japanese Economic Studies>/i>. Twenty years represents a long period of time, and it would be useful to take stock of what has ensued.>sup>1>/sup>

Ohkawa was often called the Simon Kuznets of Japan in recognition of his work of initiating and supervising the construction of Japan's national accounts statistics for the prewar period as far back as 1868 (Meiji Restoration) in a mutually consistent manner. Although there had been several...

The financial mess in which Japan finds itself in the mid-1990s has attracted much popular attention. After a sustained boom in the late 1980s, Japan went into a recession in the early 1990s. Though the recession ended in late 1993, Japan's growth rate has remained below one percent (1992-95)....

To commemorate its twenty-fifth anniversary in 1975, the Federation of Japanese Economic Associations (Nihon Keizai Gakkai Rengo) published the three-volume, 1,500-page uKeizaigaku no Doko/u (Survey of the State of Economic Studies in Japan) (Tokyo: Toyo Keizai Shimpo Sha, November 1974-January...

It is a great pleasure to announce the initiation of >u>Japanese Economic Studies>/u>. The Japanese economy is now analyzed and discussed so extensively throughout the world that the appearance of this journal is quite opportune.