The deflationary Japanese economy is a spurious observation and a precarious political propaganda, which tacitly connects with the fanatic diagnosis urging an inflation-prompting macroeconomic policy.
This book provides an overview of the prolonged stagnation of the current Japanese economy. It also examines the politico-economic implications concerning the precarious conversion of Japanese monetary policy and focuses on the vulnerability of the price-sustaining policy concerning the public debt. The book also analyzes and suggests against the acceleration of inflation under the current Japanese foreign exchange system and also suggests that the surge of foreign direct investment towards East Asia is the acute cause of Japanese economy stagnation.
The book concludes that to rebuild the economic potential of the Japanese economy, education and fostering the youths are the keys. This book will definitely interest those who are keen to learn more about the relationship between Bank of Japan and the Japanese political parties.
Table of Contents
Part 1: The Politico-Economic Situation of Contemporary Japan 1. An Overview of the Prolonged Stagnation Era: The ``Structural Reformation’’ That Made Matters Worse Part 2: The Macroeconomic Policies in the Prolonged Economic Stagnation 2. The Devastation by the Busted Bubble and Frivolous Advocacy of Deflation 3. Are the Current Japanese Economy and the Showa Depression Alike? 4. ``Abenomics’’ in Reality Part 3: The Meltdown of Japanese Firm 5. The Metamorphose of Japanese Firm 6. The Surge of Foreign Direct Investment and the Industrial Hollowing Part 4: Towards the Reincarnation of Japanese Economy 7. We Still Have Time and Power
Masayuki Otaki is Professor at the Institute of Social Sciences, the University of Tokyo. He received his PhD in Economics from the University of Tokyo and his research interests are macroeconomic theory and environmental economics.