Income Distribution and Economic Growth of Japan Under the Deflationary Economy

Income Distribution and Economic Growth of Japan Under the Deflationary Economy PDF Author: Osamu Nakamura
Publisher: World Scientific
ISBN: 981443616X
Category : Business & Economics
Languages : en
Pages : 270

Get Book

Book Description
This book examines the causes of the Japanese deflationary economy, characterized as a structural deflation, and discusses how to alleviate the prolonged slowdown in order to restore Japan to a trajectory of high economic growth, with a special focus on the function of income distribution.

Income Distribution and Economic Growth of Japan Under the Deflationary Economy

Income Distribution and Economic Growth of Japan Under the Deflationary Economy PDF Author: Osamu Nakamura
Publisher: World Scientific
ISBN: 981443616X
Category : Business & Economics
Languages : en
Pages : 270

Get Book

Book Description
This book examines the causes of the Japanese deflationary economy, characterized as a structural deflation, and discusses how to alleviate the prolonged slowdown in order to restore Japan to a trajectory of high economic growth, with a special focus on the function of income distribution.

Postwar Japanese Economy

Postwar Japanese Economy PDF Author: Mitsuhiko Iyoda
Publisher: Springer Science & Business Media
ISBN: 1441963324
Category : Business & Economics
Languages : en
Pages : 157

Get Book

Book Description
Since the end of World War II, the Japanese economy has seen rapid changes and remarkable progress. It has also experienced a bubble economy and period of prolonged stagnation. The book seeks to address three major questions: What kind of changes have taken place in the postwar years? In what sense has there been progress? What lessons can be drawn from the experiences? The book is organized as follows: It begins with an overview of the postwar Japanese economy, using data to highlight historical changes. The four major economic issues in the postwar Japanese economy (economic restoration, rapid economic growth, the bubble economy and current topics) are addressed, with particular focus on the meaning of economic growth and the bubble economy. The next chapters examine the important economic issues for Japan related to a welfare-oriented society, including income distribution, asset distribution, and the relative share of income. Another chapter deals with the household structure of Japan, the pension issue, and the importance of the effect of demographic change on income distribution. The final chapter gives a brief summary, examines quality of life as a lesson of this research, and briefly outlines a proposal for a basic design towards achieving a high satisfaction level society. This book will be of interest to economists, economic historians and political scientists and would be useful as a text for any course on the Japanese economy.

How Japan's Economy Grew So Fast

How Japan's Economy Grew So Fast PDF Author: Edward Fulton Denison
Publisher: Washington : Brookings Institution
ISBN:
Category : Japan
Languages : en
Pages : 298

Get Book

Book Description
Monograph on economic growth in Japan - analyses the sources of the exceptionally rapid post-war expansion of the country, and compares the 1970 Japanese output and consumption per capita with that of other highly developed countries, etc. References and statistical tables.

The Relation Between Final Demand and Income Distribution, with Application to Japan

The Relation Between Final Demand and Income Distribution, with Application to Japan PDF Author: Christiaan Grootaert
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 138

Get Book

Book Description


Japan

Japan PDF Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1484386809
Category : Business & Economics
Languages : en
Pages : 79

Get Book

Book Description
This Selected Issues explores Japan’s experiences with past valued added tax (VAT) rate increases and discusses potential policy options to mitigate the economic impact of a third-rate increase. It assesses the impact on the Japanese economy and, where possible, provides some international context. Alongside possible mitigating policies, it also discusses the importance of policy commitment and credibility, and how they can influence the macroeconomic impact of tax rate changes. Carefully designing policy measures and communicating them clearly to the public are paramount to attenuate any negative outcomes in the short term. A simple, single-rate VAT would efficiently raise tax revenues and support the government’s objective of achieving fiscal consolidation in the medium term. Assuming underlying macroeconomic conditions are favorable, the October 2019 VAT rate increase could potentially have a smaller impact on the economy relative to that of 2014 for several reasons. In order to reduce policy uncertainty and alleviate any adverse impacts from the 2019 VAT rate increase, the authorities should clearly communicate the timing and content of associated mitigating measures.

An Implication of the Skewness of Wealth Distribution in Japan and Australia

An Implication of the Skewness of Wealth Distribution in Japan and Australia PDF Author: Yoshiko Hayashi
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 30

Get Book

Book Description


Organization, Performance and Equity

Organization, Performance and Equity PDF Author: Ryuzo Sato
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 472

Get Book

Book Description
Organization, Performance and Equity: Perspectives on the Japanese Economy provides an analysis of key components of the Japanese economy and business structures, edited by two leading American-based Japan scholars. The contributions to this book are grouped into four major categories: organizations; income distributions; technological progress; and macro performance. The first section examines the retail sector, the role of information in evaluating distribution systems, and ownership structures and their effect on welfare, all in the context of the Japanese economy. The second section concerns issues of Japanese tax structures, growth, and income transfers, while the third section focuses on technology and productivity. The concluding section addresses major macro issues like trade and the value of the yen.

Understanding the Costs of Deflation in the Japanese Context

Understanding the Costs of Deflation in the Japanese Context PDF Author: Mr.Taimur Baig
Publisher: International Monetary Fund
ISBN: 1451875061
Category : Business & Economics
Languages : en
Pages : 28

Get Book

Book Description
This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode. The impact of deflation owing to the zero interest rate bound on monetary policy, wage rigidity, redistribution of wealth from debtor to creditor, and inflexibilities in the financial sector are examined. It is seen that the generalized decline in the Japanese price level, however gradual or mild, has substantially exacerbated the economy's adjustment process under already difficult economic conditions.

Causes of Japan's Low Inflation in the 21st Century

Causes of Japan's Low Inflation in the 21st Century PDF Author: Niklas Humann
Publisher:
ISBN: 9783346697677
Category :
Languages : en
Pages : 0

Get Book

Book Description
Seminar paper from the year 2022 in the subject Economics - Macro-economics, general, grade: 1.3, University of Münster, language: English, abstract: The objective of this paper is to not only give an overview of Japan's Lost Decades and its pioneering use of monetary and fiscal policy measures, but to also investigate why Japan was unable to lift itself out of the deflationary slump. Over the years, the literature has identified a variety of different factors, that have temporarily pushed the Japanese inflation rate into negative territory, but no single explanation was yet able to reveal the permanence of it. This paper will hence follow the literature in considering different factors, grouping them into demand and supply factors, to ease the analysis. An additional focus of this study will be on the Bank of Japan's pioneering, yet dissatisfying use of monetary policy. Japan's struggle with (consumper price) deflation began in the aftermath of the asset bubble and subsequent banking crisis in the 1990s. The period since then has become known as the Lost Decades, which are characterized by negative output growth, moderate deflation, as well as rising income inequality. While Japan's bouts with deflation are interesting from a practical point of view, regarding their negative consequences on the economy and ultimately the people of Japan, they are even more interesting from a theoretical point of view, as part of a discussion and refinement of alternative theories of economic fluctuations.

Capital in the Twenty-First Century

Capital in the Twenty-First Century PDF Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817

Get Book

Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.