Social Sciences
?Lost Decade? in Translation: What Japan's Crisis could Portend about Recovery from the Great Recession, by Syed, Murtaza H.; Kang, Kenneth ; Tokuoka, Kiichi by IMF Working Paper No. 09/282, December 1, 2009, 40pgs.
Supplied Summary: Is the recovery from the global financial crisis now secured? A strikingly similar crisis that stalled Japan's growth miracle two decades ago could provide some clues. This paper explores the parallels and draws potential implications for the current global outlook and policies. Japan's experiences suggest four broad lessons. First, green shoots do not guarantee a recovery, implying a need to be cautious about the outlook. Second, financial fragilities can leave an economy vulnerable to adverse shocks and should be resolved for a durable recovery. Third, well-calibrated macroeconomic stimulus can facilitate this adjustment, but carries increasing costs. And fourth, while judging the best time to exit from policy support is difficult, clear medium-term plans may help.
- Zombienomics By Abenomics
Zombie Abenomics Japan's Missing Economic Revival By Richard Katz, APP member and editor of The Oriental Economist Foreign Affairs, November 20, 2014 Japanese Prime Minister Shinzo Abe?s economic revival is hardly going as planned....
- Whither Japan's Economy
Monetary policy as golfMainly due to a severe downturn in personal consumption stemming from the April 1 consumption tax increase from 5% to 8%, Japan's GDP in April-June tumbled a real 6.8% from the previous quarter on an annualized basis. This is...
- The Future Of The World Economy
The world is not flatPOSTPONED APP Institutional member, Columbia University's Business School Center on Japanese Economy and Business will host its 25th Anniversary Conference, JAPAN, U.S., CHINA AND THE FUTURE OF THE WORLD ECONOMY,...
- Reinventing The Chiang Mai Initiative
William W. Grimes, associate professor of international relations at Boston University, founding director of the Boston University Center for the Study of Asia, and APP member will be in Tokyo this week to discuss his book Currency and Contest in East...
- Oecd Economic Studies On Asia
Economic Survey of China, OECD, 2/2/10, 234pgs."With the help of massive government stimulus action, China is now leading the world economy out of recession. Already the world?s second largest economy, China could well overtake the United States to become...
Social Sciences
Troubling lessons from Japan's economy
?Lost Decade? in Translation: What Japan's Crisis could Portend about Recovery from the Great Recession, by Syed, Murtaza H.; Kang, Kenneth ; Tokuoka, Kiichi by IMF Working Paper No. 09/282, December 1, 2009, 40pgs.
Supplied Summary: Is the recovery from the global financial crisis now secured? A strikingly similar crisis that stalled Japan's growth miracle two decades ago could provide some clues. This paper explores the parallels and draws potential implications for the current global outlook and policies. Japan's experiences suggest four broad lessons. First, green shoots do not guarantee a recovery, implying a need to be cautious about the outlook. Second, financial fragilities can leave an economy vulnerable to adverse shocks and should be resolved for a durable recovery. Third, well-calibrated macroeconomic stimulus can facilitate this adjustment, but carries increasing costs. And fourth, while judging the best time to exit from policy support is difficult, clear medium-term plans may help.
Later: An editorial in the Sunday, January 3, 2010 New York Times takes up on the above. The Times Editor concludes, "The White House is now pushing another mini-stimulus plan for next year. Chances are it will need to do a lot more to push reform and boost the economy. If there is an overarching lesson from Japan?s lost decade, it is that half measures don?t pay."
- Zombienomics By Abenomics
Zombie Abenomics Japan's Missing Economic Revival By Richard Katz, APP member and editor of The Oriental Economist Foreign Affairs, November 20, 2014 Japanese Prime Minister Shinzo Abe?s economic revival is hardly going as planned....
- Whither Japan's Economy
Monetary policy as golfMainly due to a severe downturn in personal consumption stemming from the April 1 consumption tax increase from 5% to 8%, Japan's GDP in April-June tumbled a real 6.8% from the previous quarter on an annualized basis. This is...
- The Future Of The World Economy
The world is not flatPOSTPONED APP Institutional member, Columbia University's Business School Center on Japanese Economy and Business will host its 25th Anniversary Conference, JAPAN, U.S., CHINA AND THE FUTURE OF THE WORLD ECONOMY,...
- Reinventing The Chiang Mai Initiative
William W. Grimes, associate professor of international relations at Boston University, founding director of the Boston University Center for the Study of Asia, and APP member will be in Tokyo this week to discuss his book Currency and Contest in East...
- Oecd Economic Studies On Asia
Economic Survey of China, OECD, 2/2/10, 234pgs."With the help of massive government stimulus action, China is now leading the world economy out of recession. Already the world?s second largest economy, China could well overtake the United States to become...