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Asian Economic Policy Review (Vol. 8 Issue 2)

Japan at the Crossroads

2013-12/10, Published

*The articles in this journal can be purchased at Wiley Online Library.

About AEPR
Japan Center for Economic Research (JCER) launched an English journal entitled Asian Economic Policy Review (AEPR) in June 2006. The journal is published twice a year through John Wiley & Sons. Visit the journal website (Wiley Online Library) for more information.

>>Learn more about AEPR

Summary of this issue

 After two lost decades since the early 1990s, the Japanese economy needs radical policy change to avoid further stagnation, which will likely end up in a fiscal crisis. This issue explored the perspectives of Japanese economy from different point of views, such as productivity, Japanese govenment bonds (JGBs) , monetary policy under Abenomics, energy strategy, real exchange rates, and the Trans-Pacific Agreement (TPP).

Articles in this issue

*You can get access to the abstract and full text of the article at Wiley Online Library by clicking on its title link.

Editors’ Overview
 Takatoshi ITO (University of Tokyo)
 Kazumasa IWATA (Japan Center for Economic Research)
 Colin MCKENZIE (Keio University)
 Shujiro URATA (Waseda University)

Explaining Japan’s Unproductive Two Decades
 Kyoji FUKAO (Hitotsubashi University)

Is the Sky the Limit? Can Japanese Government Bonds Continue to Defy Gravity?
 Takeo HOSHI (Stanford University)
 Takatoshi ITO (University of Tokyo)

Response of Asset Prices to Monetary Policy under Abenomics
 Kazuo UEDA (University of Tokyo)

Japan’s Post‐Fukushima Energy Policy Challenges
 Ken KOYAMA (The Institute of Energy Economics)

Industry‐specific Real Effective Exchange Rates and Export Price Competitiveness: The Cases of Japan, China, and Korea
 Kiyotaka SATO (Yokohama National University)
 Junko SHIMIZU (Gakushuin University)
 Nagendra SHRESTHA (Yokohama National University)
 Shajuan ZHANG (Yokohama National University)

Free Trade Agreements and Domestic Politics: The Case of the Trans‐Pacific Partnership Agreement
 Megumi NAOI (University of California, San Diego)
 Shujiro URATA (Waseda University)

Takatoshi Ito: Professor, University of Tokyo
Kazumasa Iwata: President, Japan Center for Economic Research
Shujiro Urata: Professor, Waseda University

Managing Editor
Colin McKenzie: Professor, Keio University and Sciences Po

Associate Editors
Mohamed Ariff (Malaysia): Distinguished Fellow, Malaysian Institute of Economic Research, and Professor, International Center for Education in Islamic Finance
Muhammad Chatib Basri (Indonesia): Minister of Finance, Republic of Indonesia
Chia Siow Yue (Singapore): Senior Research Fellow, Singapore Institute of International Affairs
Hal Hill (Australia): Professor, Australian National University
Akira Kojima (Japan): Advisor, Japan Center for Economic Research
Jong-Wha Lee (Korea): Professor, Korea University
Marcus Noland (USA): Executive Vice President and Director of Studies, Peterson Institute for International Economics
Takashi Shiraishi (Japan): President, National Graduate Institute of Policy Studies and President, Institute of Developping Economies, Japan External Trade Organization (IDE-JETRO)
Chalongphob Sussangkarn (Thailand): Distinguished Fellow, Thailand Development Research Institute
Akihiko Tanaka (Japan): President, Japan International Cooperation Agency (JICA)
Yongding Yu (China): Senior Fellow, Institute of World Economics and Politics, and Academician, Chinese Academy of Social Studies

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