The Transformation of the Japanese Economy

Description

During 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. Cover Half Title Title Copyright Contents Part I. The Japanese Economy in Transition 1. Japan at a Crossroads Introduction Historical Evolution Japanese-Style Capitalism Recent Changes Quo Vadis? Systemic Change Concluding Remarks Appendix I: Collective Utility Maximization Appendix II: Private Consumption and Income Elasticities of Demand References 2. The Japanese Economy in the 1990s Part II. The Economic System 3. The Economic System of Contemporary Japan: Its Structure and the Possibility of Change Part III. The Business System 4. Japan’s Corporate Capitalism in Peril 5. The Keiretsu Issue: A Theoretical Approach Part IV. The Employment System 6. White-Collar Workers in Japan and the United States: Which Are More Ability Oriented? 7. Japanese-Style Employment Practices and Male-Female Wage Differentials Part V. The Financial System 8. Economic Development and Financial Deepening: The Case of Japan 9. Japanse Banks in Deregulation and the Economic Bubble 10. Bubbles in Japan’s Stock Market: A Macroeconomic Analysis Part VI. The International System 11. The Destruction of the Full-Set Industrial Structure— East Asia’s Tripolar Structure 12. Economic Growth, Foreign Trade, and Trade Policy in Japan Part VII. The Government System 13. Recent Changes in Japanese Public Administration 14. Leaving the “1940” System and Moving into a New System Index