Macroeconomic Analysis of the Japanese Economy and its Comparative Studies

Cooperative Laboratories

Macroeconomics

Macroeconomic Analysis of the Japanese Economy and its Comparative Studies

Overview

We implement comparative studies between the Japanese economy and other advanced countries from perspectives of macroeconomics and finance. The Japanese economy, which had achieved remarkable economic growth, have suffered from “secular stagnation” since 1990s. It is only in Japan where prices and wages have shown no significant increases during the past quarter century. In our project, we explore why the Japanese economy fell into secular stagnation paying special attention to dynamic aspects of the economy and derive its policy implications. We also investigate economic mechanisms of Japanese financial system and derive its empirical implications.

Instructor / Laboratory
Shin-ichi FUKUDA
Long term trends in Japan's economic growth