The Japanese Economy

Strategies to Cope with a Shrinking and Ageing Population

Randall Jones

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English

Routledge
04 October 2024

Public finance accounting

Series: Europa Economic Perspectives

Japan has many unique strengths, but it also faces numerous challenges, many of which are related to population ageing. Rapid demographic change is projected to reduce Japan’s population by one-quarter by 2060 while increasing the share of elderly people from 29% of the total population to 38%, which would be the highest share among advanced countries. This book analyses the Japanese economy and the challenges it faces, and suggests policies to promote wellbeing, high living standards, fiscal sustainability, social inclusion and environmental sustainability. The book’s 24 chapters focus on key aspects of Japan’s economy, including the labour market, innovation, education, women in the workforce, corporate governance, small and medium-sized enterprises, the service sector, agriculture, fiscal and monetary policy, income distribution and policies to address climate change.

The volume aims to increase understanding of Japan, the world’s third-largest economy and a key player in the global economy. It will assist policymakers and serve as a resource for academics and students of economics and public policy. As Japan is a front-runner in population ageing, the book’s analysis and policy recommendations are highly relevant to other countries that are, or soon will be, facing similar challenges.

By: Randall Jones
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 861g
ISBN: 9781032211725
ISBN 10: 1032211725
Series: Europa Economic Perspectives
Pages: 436
Publication Date: 04 October 2024
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Reviews for The Japanese Economy: Strategies to Cope with a Shrinking and Ageing Population

""This is an excellent, comprehensive, balanced, readable, up-to-date policy-oriented analysis of the Japanese economy and its fundamental challenges by an outstanding expert. Given Japan’s declining and aging population and labour force, Randall Jones provides sensible, clear-cut, specific policy recommendations to improve productivity and well-being through needed reforms."" Hugh Patrick, R. D. Calkins Professor of International Business Emeritus, Columbia Business School ""Randall Jones offers the best economic survey on Japan, full of deep policy insights. Reviewing developments from the bubble burst in 1990 to the current COVID-19 crisis, his book provides key challenges and solutions for Japan as a frontier country with a policy agenda for an ageing society with a shrinking population."" Kazumasa Iwata, President of the Japan Center for Economic Research, Professor Emeritus Tokyo University ""A tour de force! Comprehensive comparisons of Japan with many nations, across many issues, with reliable data. This is the new book of record for Japan’s achievements and missteps in labour, tax, technology, industrial policy, demographics, education, and other policy fields. A cornerstone work for scholars, policymakers, and investors."" Robert Alan Feldman, Professor, Tokyo University of Science