Japan at a crossroads

Sato, Kazuo

Following our review of recent economic changes in Japan, we continue or study by speculating on the future course of macroeconomic changes of the IS balance and the trade balance associated with population aging and post-industrialization. Interpreting Japanese-style capitalism as a joint politics-bureaucracy-business utility maximization, we discuss the process of its demise as the collapse of this collective utility function.

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Working Papers, 167
Published Here
February 10, 2011