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Policy Uncertainty: Evidence from survey data (Japanese)

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  • MORIKAWA Masayuki

Abstract

This paper, using data from an original survey covering both public and private companies in Japan, presents evidence on the uncertainties over economic policies, their effects on managerial decisions, and the companies' evaluations for the numerical targets related to economic policies. This paper is an extension of Morikawa (2013), but the survey greatly expands its coverage including private companies and adds new questionnaires. The results indicate that Japanese companies perceive uncertainty over the future course of certain economic policies, such as the social security system, government budget, and international trade policy. Policy uncertainties have substantial effects on managerial decisions, especially on equipment investment and hiring of regular employees. Medium- to long-term numerical targets related to the government's economic policies are perceived to be difficult to achieve.

Suggested Citation

  • MORIKAWA Masayuki, 2016. "Policy Uncertainty: Evidence from survey data (Japanese)," Policy Discussion Papers (Japanese) 16005, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:16005
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    File URL: https://www.rieti.go.jp/jp/publications/pdp/16p005.pdf
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    Cited by:

    1. Stefan Schmid & Felix Roedder, 2022. "Much ado about diversity? The perpetuation of old elites on corporate boards," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3263-3285, December.
    2. CHEN Cheng & SENGA Tatsuro & SUN Chang & ZHANG Hongyong, 2016. "Firm Expectations and Investment: Evidence from the China-Japan Island Dispute," Discussion papers 16090, Research Institute of Economy, Trade and Industry (RIETI).

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