Asian Economic Policy Review

Publisher:: Wiley
Publication date:: 2021-02-01

ISBN:: 1832-8105

Issue Number

No. 19-1, January 2024

Featured documents

Korean Unification: Economic Adjustments under German Assumptions
This paper explores the impact of unification on North and South Korea under the hypothetical scenario that German‐type reunification occurs in the Korean peninsula. Simulation results using a global dynamic general equilibrium model show that with comprehensive market‐oriented reform and opening,...
US–Japan Trade Frictions: The Past, the Present, and Implications for the US–China Trade War
The United States and Japan have been involved in trade frictions over a number of products including textiles, steel, automobiles, semi‐conductors, and agricultural products over the last 50 years. US–Japan trade frictions have taken basically two forms: (i) the United States attempting to...
International Transmission of the People's Bank of China's Balance Sheet Expansion
The People's Bank of China's (PBoC) balance sheet expanded more dramatically than any of its major international counterparts during the past decade. The main contribution to this expansion was the rapid accumulation of the central bank's foreign assets, as a result of foreign exchange market...
The Labor Contract Law, Macro Conditions, Self‐Selection, and Labor Market Outcomes for Migrants in China
China introduced a new Labor Contract Law (LCL, 2008) to protect employees’ working conditions and welfare. Early evaluations of labour market outcomes suggest positive effects for workers. In the same period, however, China faced labor market tightening, which facilitated the LCL's introduction...
The Long‐Term Impacts of the 1998 Nagano Winter Olympic Games on Economic and Labor Market Outcomes
This paper aims to assess the long‐term effects of the 1998 Nagano Winter Olympic Games on various economic and labor market outcomes in Nagano Prefecture. One‐shot and large‐size events, such as the Olympic Games, are expected to boost the local economy and create jobs, thus leading to lower...
Japan Center for Economic Research
An Assessment of Abenomics from the Labor Market Perspective
The present paper documents the change in employment and wages between 2012 and 2020 when Prime Minister Shinzo Abe implemented his economic policy popularly known as Abenomics. Despite population aging that by itself would have decreased the employment rate by 2.8 percentage points, the aggregate...
Income and Wealth Inequality in Asia and the Pacific: Trends, Causes, and Policy Remedies
The Asia–Pacific region's rapid growth and poverty reduction in recent decades have been accompanied by rising income and wealth inequality. Technological progress, globalization, deregulation and market‐oriented reform, and financialization have generated many new opportunities, but rewarded...
An Assessment of Abenomics: Evolution and Achievements
This paper evaluates the first two arrows of Abenomics. The first arrow, aggressive monetary policy, was successful in lifting the Japanese economy out of deflation, although the 2% inflation target was not achieved. The real economy and financial markets recovered strongly. Unconventional monetary ...
What the Welfare State Left Behind—Securing the Capability to Move for the Vulnerable
The purpose of the present paper is to measure the disadvantage of the vulnerable in contemporary Japan, focusing on their capabilities in moving both outside and inside the home. Our research interest is to find a new informational base other than consumption expenditure, which provides a strong...