When Will Japan's Saving Rate Stop Falling?
Author: Tomoyuki Ohta
Publisher:
Published: 2007
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKPosts
The Saving Rate in Japan
Author: R. Anton Braun
Publisher:
Published: 2007
Total Pages: 43
ISBN-13:
DOWNLOAD EBOOKThis paper quantifies the role of alternative shocks in accounting for the recent declines in the Japanese saving rate and provides some projections about its future course. We consider three distinct sources of variation in the saving rate: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. Our model successfully explains historical variation in the saving rate and other aggregate variables including the after-tax real interest rate, hours per worker and output. Model projections indicate that the Japanese saving rate will be much lower in future years and will not recover to levels of 15 percent that were seen as recently as 1990.
Saving and Interest Rates in Japan
Author: R. Anton Braun
Publisher:
Published: 2007
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThis paper quantifies the role of alternative shocks in accounting for the recent declines in Japanese saving rates and interest rates and provides some projections about their future course. We consider three distinct sources of variation in saving rates and real interest rates: changes in fertility rates, changes in survival rates, and changes in technology. The empirical relevance of these factors is explored using a computable dynamic OLG model. We find that the combined effects of demographics and slower total factor productivity growth successfully explain both the levels and the magnitudes of the declines in the saving rate and the after-tax real interest rate during the 1990s. Model simulations indicate that the Japanese savings puzzle is over.
The Saving Rate in Japan
Author: R. Anton Braun
Publisher:
Published: 2009
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKJapan is in the midst of a demographic transition that is larger and more rapid than other OECD countries. We are interested in understanding the role of lower fertility rates and aging for the evolution of Japan's national saving rate. We use a computable general equilibrium model to analyze the response of the saving rate to changes in demographics and total factor productivity. In our model demographic factors account for 23 percentage points of the 9% decline in the saving rate between 1990 and 2000 and persistently depress the saving rate in future years.
Developments in Japanese Economics
Author: Ryūzō Satō
Publisher:
Published: 1989
Total Pages: 320
ISBN-13:
DOWNLOAD EBOOKDevelopments in Japanese Economics.
The Fall of Japan
Author: William J. Craig
Publisher: Open Road Media
Published: 2015-09-29
Total Pages: 315
ISBN-13: 1504021339
DOWNLOAD EBOOKNew York Times Bestseller: A “virtually faultless” account of the last weeks of WWII in the Pacific from both Japanese and American perspectives (The New York Times Book Review). By midsummer 1945, Japan had long since lost the war in the Pacific. The people were not told the truth, and neither was the emperor. Japanese generals, admirals, and statesmen knew, but only a handful of leaders were willing to accept defeat. Most were bent on fighting the Allies until the last Japanese soldier died and the last city burned to the ground. Exhaustively researched and vividly told, The Fall of Japan masterfully chronicles the dramatic events that brought an end to the Pacific War and forced a once-mighty military nation to surrender unconditionally. From the ferocious fighting on Okinawa to the all-but-impossible mission to drop the 2nd atom bomb, and from Franklin D. Roosevelt’s White House to the Tokyo bunker where tearful Japanese leaders first told the emperor the truth, William Craig captures the pivotal events of the war with spellbinding authority. The Fall of Japan brings to life both celebrated and lesser-known historical figures, including Admiral Takijiro Onishi, the brash commander who drew up the Yamamoto plan for the attack on Pearl Harbor and inspired the death cult of kamikaze pilots., This astonishing account ranks alongside Cornelius Ryan’s The Longest Day and John Toland’s The Rising Sun as a masterpiece of World War II history.
National Saving and Economic Performance
Author: John B. Shoven
Publisher: University of Chicago Press
Published: 2009-02-15
Total Pages: 396
ISBN-13: 0226044351
DOWNLOAD EBOOKThe past decade has witnessed a decline in saving throughout the developed world—the United States has the dubious distinction of leading the way. The consequences can be serious. For individuals, their own economic security and that of their families is jeopardized. For society, inadequate rates of saving have been blamed for a variety of ills—decreasing the competitive abilities of American industry, slowing capital accumulation, increasing our trade deficit, and forcing the sale of capital stock to foreign investors at bargain prices. Restoring acceptable rates of saving in the United States poses a major challenge to those who formulate national economic policy, especially since economists and policymakers alike still understand little about what motivates people to save. In National Saving and Economic Performance, edited by B. Douglas Bernheim and John B. Shoven, that task is addressed by offering the results of new research, with recommendations for policies aimed to improve saving. Leading experts in diverse fields of economics debate the need for more accurate measurement of official saving data; examine how corporate decisions to retain or distribute earnings affect household-level consumption and saving; and investigate the effects of taxation on saving behavior, correlations between national saving and international investment over time, and the influence of economic growth on saving. Presenting the most comprehensive and up-to-date research on saving, this volume will benefit both academic and government economists.
Japan’s Lost Decade
Author: Naoyuki Yoshino
Publisher: Springer
Published: 2017-09-20
Total Pages: 187
ISBN-13: 981105021X
DOWNLOAD EBOOKThis 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.
The Transformation of the Japanese Economy
Author: Kazuo Sato
Publisher: Routledge
Published: 2016-09-16
Total Pages: 474
ISBN-13: 1315285274
DOWNLOAD EBOOKDuring the rapid growth period of the Japanese economy, from the mid-1950s to the mid-1970s, the economic system that became entrenched in Japan -- the so-called Japanese-style capitalism -- was based on the government-business-bureaucracy triad. Although its distinct features survived the subsequent two decades of slow growth, there are many indications that the Japanese economy is once again struggling to transform itself. These translations from the Japanese economic literature expertly address this transformation.
