Economic Development and International Trade


Book Description

In a direct and easy-to-use style, the Savvy Savings Guide series offers financial advice for both your personal and professional life. With each new book, readers learn how to earn more, spend less, and save for important events such as retirement and your child's college education. From paying less on your taxes to starting a small business the Savvy Savings Guide series seeks to help you save money and succeed.







The EU–Japan Partnership in the Shadow of China


Book Description

Both the European Union and Japan have been major beneficiaries and supporters of the liberal international order, first led by the United States since the end of World War II. During this period, they have emerged as global powers, however, the very order that nurtured their rise is now facing twin threats. First, through authoritarian China’s promotion of alternative models of global governance, and second from a crisis of liberalism, manifested in the policies of President Donald Trump and Brexit. This book explores these challenges faced by both the EU and Japan, providing a multidisciplinary approach to studying the relationship between the two. It analyses their cooperation in terms of security, defence and trade and examines how their shared normative values are ultimately implemented. Having recently concluded an Economic Partnership Agreement and with a Strategic Partnership Agreement in the pipeline, this book asks whether they can convert their latent and modest cooperation into an alternative form of leadership and an antidote to the illiberal tide sweeping the developed world? As the first book to shed light on the new Economic Partnership Agreement between the EU and Japan, this book will be useful to students and scholars of Japanese Studies, as well as European Union politics and international political economy more generally.




The European Union and Japan


Book Description

The EU and Japan have one of the most important trade relationships in the world. Fittingly, this book presents a detailed analysis of their bilateral regulatory environment and negotiation processes. Moreover, the two polities have also co-operated extensively in bilateral and multilateral contexts on a range of global governance issues. Nevertheless, the relationship is widely acknowledged to have significant untapped potential. Deploying the concept of civilian power, the book takes a fresh, honest and provocative look at this important relationship, in a post-Fukushima, post-sovereign debt crisis world. First the book analyses the place of EU-Japan relations within the worldviews of the Japanese and European bodies politic. Subsequently, three thematic sections evaluate their cooperation on such issues as trade, energy security, environmental politics, development, human rights, post-conflict reconstruction, health and biosecurity. The eminent scholars of the EU-Japan relationship gathered in this book offer informed, empirically rich and policy-relevant insights into the present and future prospects for the relationship.




Japan's New Regional Reality


Book Description

Japan's regional geoeconomic strategy -- Foreign economic policy, domestic institutions and regional governance -- Geoeconomics of the Asia-Pacific -- Transformation in the Japanese political economy -- Trade and investment : a gradual path -- Money and finance : an uneven path -- Development and foreign aid : a hybrid path.




EU–Japan Relations and the Crisis of Multilateralism


Book Description

Presenting the history of relations between the European Union and Japan, this book explains the origins and significance of the momentous 2018 Economic Partnership Agreement and its parallel Strategic Partnership Agreement. Set within the historical context of the 1991 Hague Declaration and Action Plan of 2001, this book analyses the impact of recent background changes to the liberal trading order, the proliferation of free trade agreements, and uncertainty about role of the United States in the world on relations between Japan and the EU. Adopting a path-dependent approach, it illustrates how these agreements were reached as a result of growing patterns of cooperative behaviour between the EU and Japan, and the imprint of shared past experiences in areas from trade to security. In so doing, this book also raises important questions about the future of multilateral cooperation, exploring the potential for bilateral agreements to undermine the possibility of finding international solutions to increasingly international problems. EU–Japan Relations and the Crisis of Multilateralism will appeal to students and scholars of European and Japanese politics and international relations, as well as policymakers internationally with an interest in these significant agreements.




Policy Uncertainty in Japan


Book Description

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.




Carbon Pricing in Japan


Book Description

This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.




Blowback


Book Description




Yen Appreciation and the International Economy


Book Description

The decision of the G-5 countries to appreciate the yen during the Plaza accord was of great significance for Japan because this was the sharpest appreciation among the leading currencies. The author assesses how both developing and industrialized economies felt the full force of this expansion.