• Asia-Pacific Journal of Business
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• v.7 no.2
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• pp.39-48
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• 2016

Japan's new local revitalization plan is unique in that the national government has asked local governments to form their own initiatives; and we can expect that there will be various ideas from the perspectives of local residents. However, it is important to note that not all local governments considered the actions of their competitors and neighboring governments. Currently, Japanese industries are so interconnected that we cannot ignore the actions of others. In this paper, we propose a simple indicator that policy makers can use to determine the focus for the local economy.

• Asia-Pacific Journal of Business
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• v.3 no.2
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• pp.34-41
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• 2012

The aim of this paper is to depict the social problems common to South Korea and Japan by comparing their consumption behaviors. For that purpose, we utilize the Survey of Household Economy of both countries and attempt to determine the similarities and differences between the two countries. Our empirical analysis revealed the following. First, although both countries are aging, the first quartile (the poorest in under the definition in this paper) in South Korea has aged more rapidly than in to Japan. As the wages in these two countries formerly increased with age, this substantial divergence in the age composition in the poorest quartile is a remarkable change and suggests that income inequality has been more widely spreading out in South Korea than in Japan. Furthermore, the education expenditure ratio in South Korea is statistically significant for higher income level, while this is not the case in Japan. If the opportunity for better education is dominated by wealthier households, the prompt implementation of a policy to break this vicious circle is necessary in South Korea.

• International Area Studies Review
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• v.20 no.2
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• pp.3-23
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• 2016

In this study, we used actual proof analysis, based on SVAR model according to economy theory, to observe the impact of actual and financial market of Korea, Japan, and China that have adopted quantitative easing export based strategy of growth, an unconventional monetary policy of the U.S. As a result of estimation, it appears that real effective exchange rate rise shock of Korea, Japan, and China against U.S. dollar has a negative influence on current account and index of industrial product, which are real economy. It can be implied that the result is driven from the fact that strong home currency of Korea, Japan, and China decreases price competitiveness of exports, causing negative influence on real economy. The real effective exchange rate shock against U.S. dollar appeared to decrease national bond rate of Korea and Japan, while increasing that of China. In instances of Korea and Japan, it is implied that national bond rate decreases as foreigner investment funds flow in, considering foreign-exchange profit through advanced financial market with high opening extent. On the other hand, because there are strong regulation on opening extent of Chinese financial markets, the influence seems to be greater for domestic policy, rather than a foreign influence. Lastly, Korea showed a more dramatic variable reaction to exchange rate shock compared to Japan or China. It is implied from the result that Korea is relatively more susceptible and fragile in regards of international status of economic size and currency.

• IE interfaces
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• v.12 no.3
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• pp.390-394
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• 1999

It is confusing in Korean Society of Engineering Economy that terminologies of interest formula in Korean were defined differently literature by literature. In this paper, we proposed a rationale for standardization of interest formula by analyzing and comparing them from American, Japan, and Korean literatures. Twenty formulas of interest were interpreted into Korean language so that ones can identify by knowing their title.

• Proceedings of the CALSEC Conference
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• 2005.03a
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• pp.18-23
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• 2005

• Journal of Contemporary Eastern Asia
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• v.21 no.1
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• pp.77-85
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• 2022

• KDI Journal of Economic Policy
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• v.43 no.1
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• pp.29-52
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• 2021

The purpose of this paper is to measure the impact of the recent Korea-Japan trade dispute on the Korean economy using supply-driven input-output analysis. In July 2019, Japan announced the decision to tighten the export control of three materials which are indispensable in the manufacturing of semiconductors and electronic display panels. Japan's decision directly affects production in Korea's semiconductor and display sectors and is hence not a demand shock. For this reason, a standard demand-driven input-output analysis is not valid despite the fact that it can still be applied. The impact of Japan's decision on Korea's aggregate and individual sectors' gross output, GDP and employment were computed using both methods.

• The Journal of Asian Finance, Economics and Business
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• v.4 no.1
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• pp.39-49
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• 2017

This study develops an early warning system (EWS) to prevent the banking crisis. The proposed system incorporates both the perspective of crises and fundamental characteristics of the banking system in each economy. A fuzzy logic method with data from 1990-2009 is employed to construct the EWS of banking crisis based on 21 pre-determined variables from the aspect of total economy, financial and banking sectors. Our results show: Firstly, South Korea recorded higher probability to have a banking crisis in 1997 as there was large foreign debt in dollars. Secondly, China, Australia and New Zealand banking systems appear to be vulnerable to the crisis in 2007. The surge of China export, FDIs and booming stock market were signs of a heated economy. Australia with high commodity prices was also vulnerable to crisis. Thirdly, Australia, China, Japan and New Zealand banking systems appear to be exposed to the higher chance of a crisis in 2010. Japan with deflation coupled with expensive yen did not augur well for its export. Overall, the findings show that in Asian Financial Crisis 1997/98 and Global Financial Crisis 2008/09, many economies are exposed to a higher probability of having the crisis and this shows an urgent need of having surveillance in these economies.

• Journal of the Korean Institute of Rural Architecture
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• v.8 no.3
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• pp.67-74
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• 2006

The purpose of this paper is to find out and discuss methods of development applicable in rural agricultural area. It is expected that rural economy will decrease in the future because of the structural problems of agricultural economy itself. The demands of rural communities for an improvement in the living standards should continue to increase but the present living environments remain poor and are at a relatively low level. This investigation focuses on the analysis of development types in rural areas in Japan. Various methods of development must be used considering specific features of each rural village. The village people's participation must be needed for success of certain methods of development. An example is the type of greentourism and type of exchange between the urban and the rural areas. Other types of development require enormous expense for construction of facilities. Various strategies and methods of development are needed in rural agricutural area in Korea. The simple method of development that is widely used currently is not really helpful to the development of rural agricultural economy.

• Journal of Digital Convergence
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• v.18 no.3
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• pp.405-418
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• 2020

The purpose of this case study was to analyze the promotion background, development process, business content and organizations of rural social enterprises in Japan and Korea, to examine the similarities and differences of the two countries in social purpose, independence of management, creation of regional economic cycle and administrative role, and to present policy tasks for development of social economy and social enterprise in rural area. the Policy tasks are as follows; construction of community-based social economy, social financial support strengthening, the empowerment of rural social enterprises and the efficient management of internet shopping mall for increase in sales.