Japanese Phoenix: The Long Road to Economic Revival
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A01=Richard Katz
Author_Richard Katz
banking crisis
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Dresdner Kleinwort Wasserstein
DSL Service
dual economy
economic policy analysis
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fiscal and monetary policy
GDP Growth
Good Deflation
High Growth Era
IMF
Japan Fair Trade Commission
Japan's Gdp
Japan's GDP growth
Japanese economic reform case study
Japanese Gdp
Japanese's phoenix
Japan’s Gdp
labor market transformation
Large Scale Retail Store Law
LDP
macroeconomic reform
METI Official
MHLW
MOF
Nihon Keizai Shimbun
NTT
political economy Japan
Postal Savings System
Postwar
Potential Gdp
Real Gdp
Shareholder Power
SNA
structural adjustment
Telecommunications
TFP Growth
Wo
Product details
- ISBN 9780765610744
- Weight: 521g
- Dimensions: 156 x 234mm
- Publication Date: 31 Oct 2002
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Japan will recover and its economic achievements will once again earn the world's admiration, with sustained annual growth of three percent, perhaps more, well within reach. This is the confident forecast that begins Japanese Phoenix: The Long Road to Economic Revival by the author of Japan: The System That Soured, which several years ago accurately predicted Japan's current travails at a time when others were prematurely pronouncing full recovery. Katz warns however that there is bad news to go with the good. So deep-seated are Japan's dysfunctions that, even if it did everything right today, it would take at least five years for truly vibrant growth to take hold. But Japan will not do everything right. Opposition to reform is deep-seated and a myriad of vested interests and millions of jobs are at stake. Still he notes, there is little doubt that reform will succeed. Japanese Phoenix tells the story of the struggle between the forces of reform and the forces of resistance. It dissects Prime Minister Koizumi's role in the process, and explains why Japan is in so much trouble and what needs to be done. It explore the debates among economists and gives a careful progress report on all the moves made so far in the name of reform - from greater direct foreign investment, to the financial "Big Bang", to ending one-party rule by the Liberal Democratic Party. Katz concludes that this is just the second round of a 15-round fight. Japan is a great nation currently trapped in obsolete institutions. As it has before, Japan will find a way to surmount its problems and regain its forward progress.
Richard Katz
