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The Japanese Economic System under the Global Crisis: Change and Continuity

Author

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  • Satoshi Mizobata

    (Kyoto University, Institute of Economic Research)

Abstract

The Japanese economy has continued to grow, albeit at a low rate, through the drastic changes in the Japanese economic system. The global crisis has seriously affected the Japanese economy, despite it causing only slight damage to the banking sector. The current global economic crisis will have far-reaching consequences on the economic system and structure. In this study, the economic characteristics following the bubble economy and the sustainability of the Japanese economic system are examined.

Suggested Citation

  • Satoshi Mizobata, 2011. "The Japanese Economic System under the Global Crisis: Change and Continuity," Society and Economy, Akadémiai Kiadó, Hungary, vol. 33(2), pages 271-294, August.
    • Handle: RePEc:aka:soceco:v:33:y:2011:i:2:p:271-294
    Note: The paper was prepared for the KIER-UNC international workshop with the Japanese Society for Comparative Economic Studies (JSCES) on 26 September 2009. I am grateful to Kenji Matsuoka (Ryukoku University), Steven Rosefielde (UNC) and Takumi Horibayashi (Kanazawa University) for their invaluable comments. Needless to say, any remaining errors are solely the author’s responsibility.
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    Keywords

    Japan; economic crisis; liberalisation; economic system; corporate governance; labour market;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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