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


  • Satoshi Mizobata

    () (Institute of Economic Research, Kyoto University)


The current 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, 2009. "The Japanese Economic System under the Global Crisis: Change and Continuity," KIER Working Papers 680, Kyoto University, Institute of Economic Research.
  • Handle: RePEc:kyo:wpaper:680

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    References listed on IDEAS

    1. Kristian Behrens & Pierre M. Picard, 2007. "Welfare, home market effects, and horizontal foreign direct investment," Canadian Journal of Economics, Canadian Economics Association, vol. 40(4), pages 1118-1148, November.
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    3. Paul Krugman & Anthony J. Venables, 1995. "Globalization and the Inequality of Nations," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 857-880.
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    5. Ekholm, Karolina & Forslid, Rikard, 2001. " Trade and Location with Horizontal and Vertical Multi-region Firms," Scandinavian Journal of Economics, Wiley Blackwell, vol. 103(1), pages 101-118, March.
    6. Raybaudi-Massilia, Marzia, 2000. "Economic Geography and Multinational Enterprise," Review of International Economics, Wiley Blackwell, vol. 8(1), pages 1-19, February.
    7. Eric Toulemonde, 2008. "Multinationals: Too Many or Too Few?— The Proximity–concentration Trade-off," Open Economies Review, Springer, vol. 19(2), pages 203-219, April.
    8. Markusen, James R. & Venables, Anthony J., 1998. "Multinational firms and the new trade theory," Journal of International Economics, Elsevier, vol. 46(2), pages 183-203, December.
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    10. Puga, Diego & Venables, Anthony J, 1999. "Agglomeration and Economic Development: Import Substitution vs. Trade Liberalisation," Economic Journal, Royal Economic Society, vol. 109(455), pages 292-311, April.
    11. repec:hhs:iuiwop:430 is not listed on IDEAS
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    More about this item


    economic crisis; liberalisation; market; economic system; corporate governance; labour market;

    JEL classification:

    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • P52 - 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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