國立虎尾科技大學 |

Japan's lost decade = lessons for asian economies /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Japan's lost decade/ edited by Naoyuki Yoshino, Farhad Taghizadeh-Hesary.
Reminder of title:	lessons for asian economies /
other author:	Yoshino, Naoyuki.
Published:	Singapore :Springer Singapore : : 2017.,
Description:	xix, 176 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Business cycles - Japan. -
Subject:	Japan - Foreign relations - 1912-1945. -
Online resource:	http://dx.doi.org/10.1007/978-981-10-5021-3
ISBN:	9789811050213

Japan's lost decade = lessons for asian economies /
Japan's lost decadelessons for asian economies /[electronic resource] :edited by Naoyuki Yoshino, Farhad Taghizadeh-Hesary. - Singapore :Springer Singapore :2017. - xix, 176 p. :ill., digital ;24 cm. - ADB Institute series on development economics,2363-9032. - ADB Institute series on development economics..

1 Japan's Lost Decade: Causes and Remedies (Naoyuki Yoshino and Farhad Taghizadeh-Hesary) -- 2 Changes in Economic Effect of Infrastructure and Financing Methods: The Japanese Case (Masaki Nakahigashi and Naoyuki Yoshino) -- 3 Optimal Fiscal Policy Rule for Achieving Fiscal Sustainability: A Japanese Case Study (Naoyuki Yoshino, Tetsuro Mizoguchi, and Farhad Taghizadeh-Hesary) -- 4 Macroeconomic Volatility under High Accumulation of Government Debt: Lessons from Japan (Paul D. McNelis and Naoyuki Yoshino) -- 5 Japan's Postwar Monetary Policies: Taylor Rules or Something Else? (James R. Rhodes and Naoyuki Yoshino) -- 6 Oil Price Fluctuations and Oil Consuming Sectors: An Empirical Analysis of Japan (Farhad Taghizadeh-Hesary, Naoyuki Yoshino, and Ehsan Rasolinezhad) -- 7 Three Arrows of "Abenomics" and the Structural Reform of Japan (Naoyuki Yoshino and Farhad Taghizadeh-Hesary) -- 8 The Effectiveness of Japan's Negative Interest Rate Policy (Naoyuki Yoshino, Farhad Taghizadeh-Hesary, and Hiroaki Miyamoto) Index.

This book discusses Japan's long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan's economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan's economic stagnation stems from a vertical "investment-saving" (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan's long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People's Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.

ISBN: 9789811050213

Standard No.: 10.1007/978-981-10-5021-3doiSubjects--Topical Terms:

1200998
Business cycles
--Japan.Subjects--Geographical Terms:

585293
Japan
--Foreign relations--1912-1945.

LC Class. No.: HC462.95

Dewey Class. No.: 338.952

Japan's lost decade = lessons for asian economies /
LDR:03511nam a2200325 a 4500 001 924202
003 DE-He213
005 20170920122830.0
006 m d
007 cr nn 008maaau
008 190625s2017 si s 0 eng d
020 $a 9789811050213 $q (electronic bk.)
020 $a 9789811050190 $q (paper)
024 7 $a 10.1007/978-981-10-5021-3 $2 doi
035 $a 978-981-10-5021-3
040 $a GP $c GP
041 0 $a eng
050 4 $a HC462.95
072 7 $a KCG $2 bicssc
072 7 $a BUS068000 $2 bisacsh
082 0 4 $a 338.952 $2 23
090 $a HC462.95 $b .J35 2017
245 0 0 $a Japan's lost decade $h [electronic resource] : $b lessons for asian economies / $c edited by Naoyuki Yoshino, Farhad Taghizadeh-Hesary.
260 $a Singapore : $c 2017. $b Springer Singapore : $b Imprint: Springer,
300 $a xix, 176 p. : $b ill., digital ; $c 24 cm.
490 1 $a ADB Institute series on development economics, $x 2363-9032
505 0 $a 1 Japan's Lost Decade: Causes and Remedies (Naoyuki Yoshino and Farhad Taghizadeh-Hesary) -- 2 Changes in Economic Effect of Infrastructure and Financing Methods: The Japanese Case (Masaki Nakahigashi and Naoyuki Yoshino) -- 3 Optimal Fiscal Policy Rule for Achieving Fiscal Sustainability: A Japanese Case Study (Naoyuki Yoshino, Tetsuro Mizoguchi, and Farhad Taghizadeh-Hesary) -- 4 Macroeconomic Volatility under High Accumulation of Government Debt: Lessons from Japan (Paul D. McNelis and Naoyuki Yoshino) -- 5 Japan's Postwar Monetary Policies: Taylor Rules or Something Else? (James R. Rhodes and Naoyuki Yoshino) -- 6 Oil Price Fluctuations and Oil Consuming Sectors: An Empirical Analysis of Japan (Farhad Taghizadeh-Hesary, Naoyuki Yoshino, and Ehsan Rasolinezhad) -- 7 Three Arrows of "Abenomics" and the Structural Reform of Japan (Naoyuki Yoshino and Farhad Taghizadeh-Hesary) -- 8 The Effectiveness of Japan's Negative Interest Rate Policy (Naoyuki Yoshino, Farhad Taghizadeh-Hesary, and Hiroaki Miyamoto) Index.
520 $a This book discusses Japan's long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan's economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan's economic stagnation stems from a vertical "investment-saving" (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan's long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People's Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.
650 0 $a Business cycles $z Japan. $3 1200998
650 1 4 $a Economics. $3 555568
650 2 4 $a Economic Growth. $3 669184
650 2 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 1102417
650 2 4 $a Population Economics. $3 669526
651 0 $a Japan $x Foreign relations $y 1912-1945. $3 585293 $3 727065
700 1 $a Yoshino, Naoyuki. $3 1075103
700 1 $a Taghizadeh-Hesary, Farhad. $3 1106755
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer eBooks
830 0 $a ADB Institute series on development economics. $3 1103942
856 4 0 $u http://dx.doi.org/10.1007/978-981-10-5021-3
950 $a Economics and Finance (Springer-41170)