Japan

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The Lessons of Japan’s Financial Crisis

Since the onset of the global financial crisis which originated in the subprime meltdown in the United States, “shadow banking” has attracted considerable attention. Shadow banking, unlike traditional bankin...
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Waving the Bloody Shirt in China and Japan

President Barack Obama’s reassurance to Japan that the US will abide by its commitment to help defend the country if China seizes a disputed group of islands underscores the longstanding tensions in Northeast A...
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Obama’s Mission Impossible: Japan and the TPP

The success of President Obama’s swing through Japan on his Asia trip, he is supposed to have told Prime Minister Shinzo Abe in The Hague recently, would be measured by whether it delivered a satisfactory concl...
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Obama Visit to Japan a Test for US

Tokyo will welcome US President Barack Obama this week at a key moment in US-Japan relations. The challenging nature of the current security situation in East Asia underscores the importance of maintaining a...
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Japan Has a Friend in Tehran

The nationalist Japanese novelist Naoki Hayakuta may be controversial in his own country, but he is a hero in Iran. During a nine-day visit in February, he was treated like a VIP everywhere he went. The trip in...
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Abenomics’ Losers: Conveyor Belt Sushi

Prime Minister Shinzo Abe’s new economic policy, dubbed “Abenomics,” has been generally considered a success in the first year in which it was implemented. But, as in other endeavors, there are winners and lose...
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Is Abenomics Flagging?

Analysts have praised Japan’s third-quarter annualized domestic product growth at 1.9 percent, slightly ahead of expectations of 1.7 percent, with the consensus commending the Japanese Prime Minister Shinzo Abe...
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Banking Crises and Japanization

Recent research has found that economic recoveries from banking crises tend to be weaker and more prolonged than those from traditional types of deep recessions. Japan’s “two lost decades” perhaps represent an ...
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Will Abe’s fiscal consolidation work?

When Shinzo Abe was first elected to be prime minister of Japan, he promised to end deflation and kick-start growth. His methods, in the short-term, involved fiscal and monetary stimulus. Now a daunting dema...