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Japan’s Post-Triple-Disaster Growth Strategy


  • Kawai, Masahiro

    (Asian Development Bank Institute)

  • Morgan, Peter J.

    (Asian Development Bank Institute)


The repercussions of the Great East Japan Earthquake on 11 March 2011 spread far beyond the geographical areas directly affected. The disaster also highlighted Japan’s many other structural challenges besides reconstruction needs, including persistently low growth, population aging and low fertility, burgeoning government debt, declining international competitiveness, and uncertain energy supplies. Moreover, the global financial crisis and the ongoing euro area financial crisis suggest that Japan needs to create its own growth momentum without relying excessively on markets in the United States (US) and Europe. This paper discusses the scope of these challenges and sets out a long-term strategy for overcoming them and putting the Japanese economy on a stable growth path.

Suggested Citation

  • Kawai, Masahiro & Morgan, Peter J., 2012. "Japan’s Post-Triple-Disaster Growth Strategy," ADBI Working Papers 376, Asian Development Bank Institute.
  • Handle: RePEc:ris:adbiwp:0376

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    References listed on IDEAS

    1. Donald J. Puchala, 1999. "Institutionalism, Intergovernmentalism and European Integration: A Review Article," Journal of Common Market Studies, Wiley Blackwell, vol. 37(2), pages 317-331, June.
    2. Kawai, Masahiro & Wignaraja, Ganeshan, 2011. "Asian FTAs: Trends, prospects and challenges," Journal of Asian Economics, Elsevier, vol. 22(1), pages 1-22, February.
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    Cited by:

    1. David Turner & Francesca Spinelli, 2013. "The Effect of Government Debt, External Debt and their Interaction on OECD Interest Rates," OECD Economics Department Working Papers 1103, OECD Publishing.

    More about this item


    japanese economy; japan growth strategy; earthquake; triple disaster; global financial crisis;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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