Institutional Change in Japan

By: Magnus BlomstrÃ¶m (Editor), Sumner La Croix (Editor)

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Hardcover | 4 May 2006 | Edition Number 1

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256 Pages

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23.39 x 15.6 x 1.6

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This is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system.

After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan's struggle has called into question the ability of the country's economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century.

This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.

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List of figures	p. vii
List of tables	p. viii
List of contributors	p. ix
Series editor's preface	p. x
Preface	p. xi
Introduction	p. 1
Institutional change in theory and practice	p. 13
Institutional change in Japan: theories, evidence and reflections	p. 15
Institutional change in Meiji Japan: image and reality	p. 45
Institutional reform in Japan and Korea: why the difference?	p. 71
Japanese institutions: what has changed, what has not, and why	p. 95
A lost decade for Japanese corporate governance reform? What has changed, what hasn't, and why	p. 97
Japan's economic and financial stagnation in the 1990s and reluctance to change	p. 120
Japanese lifetime employment: a century's perspective	p. 152
The Japanese labor movement and institutional reform	p. 177
The changing pattern of Amakudari appointments: the case of regional banks, 1991-2000	p. 202
Divorce in Japan: why it happens, why it doesn't	p. 221
Index	p. 237
Table of Contents provided by Ingram. All Rights Reserved.

Institutional Change in Japan

At a Glance

Hardcover

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How to return your order

Defective items

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