• Title/Summary/Keyword: Japan Economy

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Examining Japanese Planning System through the National Territory and Housing Policies: A Focus on Changing Characteristics and Implications

  • Lee, Sam-Su;Lee, Jae-Su
    • Land and Housing Review
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    • v.2 no.3
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    • pp.227-238
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    • 2011
  • There are similarities between Korea and Japan in terms of national planning and development system and housing policies. Japan has suffered from great shifts of social and economic systems due to skyrocketing land prices for three times and the collapse of the bubble economy after the Second World War. The study reviews historically important changes in the national territory and housing policies for last 60 years in Japan. It also investigates changing trends and characteristics of many socioeconomic indicators with regard to population, housing and other fields in response to these policies. First of all, Japan has experienced significant economic growth before and after the 1960's, and the era of national rebuilding projects in the 1970's. After then, the period of the bubble economy has emerged since 1980; however, it suffered from skyrocketing land values between the late 1980's and the early 1990's, and the collapse of Japanese bubble economy in the early 1990's. In response, many urban regeneration policies and projects were proposed to recover the national economy since 2000. It is found that these national territory development and housing supply policies throughout the country have been influenced by the changing characteristics of social and economic conditions. Since the housing supply ratio in 1968 reached up to around 100% on average, Japan has been focusing attention to improving the residential and living quality for existing housing stock rather than supplying new housing units through large-scale new town projects. These experiences are full of helpful suggestions for our future housing and urban regeneration policies as we reach to more than 100% of housing supply ratio on average.

A Study on Macroeconomic Linkages between the USA and Japan (미일간 거시경제적 연계성에 대한 연구)

  • Lee, Jai Ki
    • International Area Studies Review
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    • v.15 no.3
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    • pp.175-188
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    • 2011
  • This study aims to examine how the U.S. economic shocks affect the Japanese economy. It is widely believed that the U.S. economy has a significant effect on the Japanese economy. Actually, the U.S. accounts for a considerable amount of Japan's exports and imports. To the economic policymakers, it is very important to know how economic disturbances generated by the U.S. are transmitted to the Japanese economy. A vector autoregression(VAR) model is employed to investigate the international transmission channel of economic disturbances. The interactions of the U.S.-Japansese economy are investigated by using variance decompositions(VDCs). The results of this study provided the evidence that the U.S. economic shocks were important for the Japanese economy during the sample period. This study supports the notion of economic dependence of smaller open economy such as Japan as compared with larger economy such as the U.S.

What lessons can China learn from the Japanese prolonged financial slump?

  • Suzuki, Yasushi;Sohrab Uddin, S.M.
    • Journal of Contemporary Eastern Asia
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    • v.10 no.1
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    • pp.55-71
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    • 2011
  • China has been experiencing high economic growth along with massive change in its industrial structure. How will the industrial structure change affect the Chinese economy? Similar changes were observed by Japan, when the Japanese banking system fell into a structural failure in terms of the inability to respond to the paradigm shift from "catching up" to "frontier economy." This paper is undertaken to highlight the lessons that China can learn from Japan's prolonged financial slump. We point out that big cities in China have already shifted to frontier economy and major provinces are on the same trend. We argue that in spite of economic reform reshaping the Chinese banking system, the financing pattern of state owned commercial banks (SOCB) is not in line with the industrial change. The Chinese banking system should be overhauled or transformed to respond to the increasing uncertainty along with the paradigm shift. Otherwise, China may fall into the same dilemma that Japan had faced in its industrial structure change.

A study on the "lost 10 years" of Japan and Korea (일본의 잃어버린 10년과 한국)

  • Michitaka, Sasaki;Kim, Kwang-So;Yi, Yu
    • Korean Business Review
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    • v.21 no.2
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    • pp.99-110
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    • 2008
  • As we know, since Japan's robust economy - which lasted from the mid-1980s to early 1990s (the so-called Bubble Economy) - collapsed in 1991, the country has been enduring a prolonged stagnation period, and experiencing a long wave of economic, financial and political reform. People negatively refer to this period as "the Lost 10 years," suggesting the decade has been spent in vain, with Japan having done constructive for its future. On the contrary, many Korean used to say "the Lost 10 years," We review the background and situation of Japan's and Korea's. Then, Korea have to remember what's the reason in Japan.

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Consume More for the Economy or Less for the Environment? Conflicts Between Economic and Environmental Remedies in Japan

  • Kim, Inkyoung;Unny-Law, Rohan
    • Analyses & Alternatives
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    • v.3 no.2
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    • pp.5-31
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    • 2019
  • How can we reconcile our aspirations for more economic growth or prosperity with the constraints of a finite planet? One of the high-income countries, Japan, makes us wonder if we can deal with two different challenges simultaneously: overcoming economic recession and solving environmental degradation. This study investigates the supply-side perspective which highlights the productive capacity and efficiency of the economy through economic lenses and the demand-side perspective which highlights the Japanese personal lifestyles through social lenses. This study aims to answer the question, if Japan's sustainable consumption behavior is counter to economic development whilst environmentally proactive. It finds that translating individual practices and cultures of sustainability into the macro- scopic economic growth path is key to a sustainable and healthy Japan.

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The Iwakura Embassy and British Industrial Cities

  • Lee, Young-Suk
    • Asian review of World Histories
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    • v.1 no.2
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    • pp.265-293
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    • 2013
  • The second volume of the Iwakura Reports is the writing on Britain. What is interesting, here, is the fact that the mission had visited the large factories in the major industrial cities. The editor of the reports in particular recorded the productive processes of goods at many factories, and wrote his own impressions of the landscapes of those cities. Those records let us know the real situation of the British economy at the time. Japanese historians admit that the activities of the Iwakura mission largely contributed to Japan's modernization. But there are few studies that analyzed the second volume of the reports which had mainly described modern factories and industrial cities. The purpose of this paper is to summarize the records of the reports on the British industry, and to examine what they recognized from the industrial civilization. The Iwakura Reports would furnish important information to the notables that had initiated the early industrialization in Japan. After the mission's visit, some British companies' export to Japan increased rapidly. What is more important, however, is that the British economy was losing its own vitality in the late Victorian age in which Japan began to be rapidly industrialized. During the Japanese industrialization, some Japanese diplomats and factory-owners might have realized the decline of the British industry. Britain began to be overtaken by her rival countries such as the United States and Germany. The Iwakura Reports do not let us know the change of the British manufacture in the late nineteenth century. Later, the leading figures of Japan's industrialization might focus on the rise of Germany or America. As the Iwakura mission had visited Britain in the early stage of the competition between Britain and other rival states, they could not know the real situation of the British economy. Furthermore, with compiling his manuscripts, the editor of the reports could not help being based upon the factory-owners' explanations and their brochures. This is the reason why he focused only on the excellence and competitiveness of British manufacture.

A Study on Economic Linkages between Korea and Japan

  • Lee, Jae-Ki
    • Journal of Korea Port Economic Association
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    • v.20 no.1
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    • pp.43-55
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    • 2004
  • This paper investigates how Japanese economic shocks affect the Korean economy and analyzes the channels through which they are transmitted. Also, the relative importance of domestic and foreign shocks on the dynamics of certain key macro variables is investigated. The techniques of vector autoregression (VAR) are employed to investigate the international transmission of economic disturbances. The VAR methodology is a particularly useful means for characterizing the dynamic relationships among economic variables without imposing certain types of theoretical restrictions. The dynamic effects of Japanese economic shocks on the Korean economy are evaluated by estimating variance decompositions (VDCs) and impulse response functions (IRFs). This study supports the notion of economic dependence of a small open economy such as Korea to a large economy such as Japan.

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The Logic of Japan's Free Trade Agreements (FTA) with ASEAN

  • Yamamoto, Chika
    • Journal of Contemporary Eastern Asia
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    • v.11 no.2
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    • pp.27-45
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    • 2012
  • Among political scientists, Japan's free trade agreements (FTA) with member nations of the Association of Southeast Asian Nations (ASEAN) has been considered to be a political tool that can compete against China for regional leadership in East Asia. However, this paper demonstrates that Japan's so-called FTA diplomacy towards ASEAN nations serves the broad interests of Japanese actors in both the political and economic sectors. Given the attention to Japanese domestic political issues, it is argued that diplomacy primarily facilitates a need for free trade with ASEAN and ASEAN markets for Japanese corporations to compete in the global economy and for the government to nurture Japan's stagnant economy by assisting these corporations. This work also contends that the unclear function of FTA as an economic good is due to the lack of the government capacity to effectively manage FTA diplomacy. This partly results from the conventional view with regard to Sino-Japanese rivalry.

Development of PET Bottle to Bottle Recycle in Japan (일본의 페트 보틀 투 보틀 재활용 현황)

  • Youngsoo Lee;Sangyoon Park;Dowan Kim;Jongchul Seo
    • KOREAN JOURNAL OF PACKAGING SCIENCE & TECHNOLOGY
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    • v.30 no.1
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    • pp.31-42
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    • 2024
  • This review paper provides a detailed analysis of PET (polyethylene terephthalate) bottle recycling in Japan. Japan is a global leader in PET bottle recycling due to its advanced regulatory framework and proactive industry initiatives. Japan's success attributes to the widespread adoption of bottle-to-bottle recycling, driven by the beverage industry's commitment to sustainability. By utilizing post-consumer PET bottle recovery and food-grade mechanical recycling technologies, Japan has achieved significant milestones in PET bottle recycling. This paper examines regulatory frameworks, collection systems, reprocessing facilities, and food safety assessments to highlight Japan's innovative approaches to PET bottle recycling and their impact on global sustainability efforts. Drawing parallels with Korea's early stages of PET recycling, it suggests involving major beverage companies and re-evaluating regulations to promote bottle-to-bottle recycling. The focus is on the implications for Korea to promote circular economy principles in plastic recycling.

A study on local economy activation of Japan by herv -A case of herb festival in Kawaguchikocho Japan- (허브를 이용한 일본의 지역경제활성화에 관한 연구 -일본(日本) Kawaguchikocho의 Herb Festival의 사례연구-)

  • Hong, Young-Rok;Cho, Tae-Dong
    • Journal of Korean Society of Rural Planning
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    • v.5 no.1 s.9
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    • pp.12-19
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    • 1999
  • This study proposes the following directions on the basis of results gained from a survey in Yamanasihyun Kawaguchikocho, where the herb festival is successfully held, in order to activate the local economy by herb. 1) The herb education for person in charge in the local authorities, the promoter of herb festival, has to be preceded and the local residents should try to understand what the herb is. 2) For a successful herb festival in the aspect of local economy and environmental conservation, detailed basic study and publicity including human -, natural environment, ecological conditions for herb should be peformed. 3) Herb event should have various programs and formats to arouse the user's interest and should be a place for environmental education.

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