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Taming Japan's Deflation
Bolder economic policy could have addressed the persistent bouts of deflation in post-bubble Japan, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan's Deflation. Despite warnings from economists, intense political pressure, and well-articulated unconventional policy options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have significantly helped. With Prime Minister Abe Shinzo's return to power, Japan finally shifted course at the start of 2013 with the launch of Abenomics—an economic agenda to reflate the economy—and Abe's appointment of new leadership at the BOJ. ...
Fairness, Globalization, and Public Institutions
Who benefits from the interconnected processes often referred to as globalization? Is it a relatively few people, with most others either being harmed or at least not helped? Are the good things that globalization produces, whatever they are, widely shared? What processes lead us in one direction or another? This book examines a key dimension of globalization: its fairness. It investigates the meaning of and role fairness plays when public institutions are faced with the challenges and opportunities of globalization. Here a distinguished group of contributors, including both academics and practitioners, focuses on East and Southeast Asia, but the relevance of the issues discussed extends well beyond these regions. They present a broad-ranging examination of the intersections between fairness, globalization, and public institutions. Contributors: Doug Allen, Walt T. Anderson, Ron Brown, Jim Dator, Jingping Ding, Christopher Grandy, Sohail Inayatullah,Yong-duck Jung, Martin Khor, Yoshiko Kojo, Le Van Anh, Ivana Milojevic, Ryo Oshiba, Edgar A. Porter, Dick Pratt, Fred Riggs, James Rosenau,Yongseok Seo, Chanto Sisowath, Shunichi Takekawa.
Politics and Markets in the Wake of the Asian Crisis
This book is a challenging volume by distinguished, leading scholars of East Asian political economy; it provides a distinct alternative to simplistic accounts of the Asian crisis which generally swing between an emphasis on convergence imposed by global economic forces, and the resurrection of the special patterns of East Asian economic governance. The authors argue that global forces and domestic structures are engendering new forms of economic and political regulation in East Asia. While these signal the death knell of the developmental state, this in itself does not presuppose a convergence towards a standard model of global capitalism. The arguments in this book will contribute signific...
Limits to Power
Why does the Japanese government often alter its course of action under pressure from the United States, even when doing so apparently undermines Japan's own interests? Japan's marked responsiveness to U.S. preferences regarding foreign aid policy appears counterintuitive, since Japan's demonstrated capability to donate funds rivals and has previously surpassed that of the U.S. In Limits to Power, Akitoshi Miyashita posits that Japan's deference to the will of the U.S. results from Japan's continuing role as the more dependent partner in the two countries' interdependent diplomatic and economic relationship. Miyashita critically reviews the existing literature on Japanese foreign aid, then tests his own argument against five case studies. After analyzing critical junctures in Japan's history of foreign aid to China, Vietnam, Russia, Iran, and North Korea, he concludes that Japan's consistent sway under U.S. opinion reflects an act of will on Japan's part, rather than a lack of coherent policy stemming from bureaucratic politics. Limits to Power boldly challenges current arguments that Japan has successfully distanced itself from "reactive" politics.
Civic Engagement in Postwar Japan
Despite reduced incomes, diminished opportunities for education, and the psychological trauma of defeat, Japan experienced a rapid rise in civic engagement in the immediate aftermath of World War II. Why? Civic Engagement in Postwar Japan answers this question with a new general theory of the growth in civic engagement in postwar democracies. It argues that wartime mobilization unintentionally instills civic skills in the citizenry, thus laying the groundwork for a postwar civic engagement boom. Meanwhile, legacies of prewar associational activities shape the costs of association-building and information-gathering, thus affecting the actual extent of the postwar boom. Combining original data collection, rigorous statistical methods, and in-depth historical case analyses, this book illuminates one of the keys to making postwar democracies work.
Alliance in Anxiety
This book analyzes the structural dynamics of the Sino-American-Japanese triangular relationship by exploring how the 1971 Nixon-Kissinger announcement to pursue reapprochment with the People's Republic of China (PRC), in the context of the overal detente strategy, fundamentally altered the U.S.-Japanese relationship. It argues that the systematic structure of international relations in East Asia during the detente period was similar in significant ways to today's post-Cold War period. Highlighting the importance of China to U.S. policy options towards East Asia enables us to provide a more informed perspective on future directions of the Sino-U.S.-Japanese triangular relationship in the twenty-first century.
International Monetary Cooperation Among the United States, Japan, and Germany
International Monetary Cooperation among the United States, Japan, and Germany offers a first - and overdue - book- length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive. This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany. For the first time, this book presents all theories of counterproductive cooperation in one place, subjects them to systematic, empirical scrutiny in the light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in the light of the findings.
Japan's International Relations
The new edition of this comprehensive and user-friendly textbook provides a single volume resource for all those studying Japan's international relations.
Japan’s Long Stagnation, Deflation, and Abenomics
This book examines the struggles of the Japanese economy over the last 30 years, analyzing in detail the formation of the huge economic bubble in the 1980s, its collapse at the beginning of the 1990s, and subsequent two decade long economic stagnation and chronic deflation, with the aim of identifying the mechanism of such processes and drawing lessons for future economic policy management. The book also assesses the comprehensive policy efforts called “Abenomics” under the current Abe administration. As Abe continues into a new term, this book will be of interest to Japan scholars, economists, and policymakers around the world, particularly in Asia.
Race for the Exits
The country's basic social contract has so far proved resistant to reform, even in the face of persistently adverse conditions. In this book, Leonard J. Schoppa explains why it has endured and how long it can last.
