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| 1 |
ID:
078172
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| Publication |
2007.
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| Summary/Abstract |
The hoshu, or conservative, camp has dominated the political scene in post-World War II Japan. Postwar Prime Minister Yoshida Shigeru pulled the hoshu forces together to counter the left-leaning kakushin, or reformist, camp. But the members of the conservative mainstream have not displayed a firm ideological stance. Conservative politicians with strong ideological convictions have found their way blocked, but in some key respects their proposals have been implemented by others after being stripped of their ideological clothing
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| 2 |
ID:
078169
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| Publication |
2007.
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| Summary/Abstract |
The prevailing explanation for the sluggishness of consumer spending is that companies have been slow to raise wages despite the sustained increase in their profits. But other factors have been at work, including the loss of upward momentum in the stock market. Also, the shift in the structure of employment is leaving more workers stuck in part-time or temporary jobs; these people tend to scrimp on discretionary outlays. The upcoming retirement of large numbers of baby boomers is liable to act as a further drag on consumption
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| 3 |
ID:
078171
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| Publication |
2007.
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| Summary/Abstract |
It needs to be made clear that the independence of the Bank of Japan refers not to the setting of policy goals but to the choice of policy measures. This clarification should block meddling in the central bank's affairs by government officials. Meanwhile, action is needed to put an end to deflation, which acts as a drag on the economy and increases the burden of public debt
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| 4 |
ID:
078170
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| Publication |
2007.
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| Summary/Abstract |
The policies of Prime Minister Abe's administration are a recap of the neoliberalism that was all the rage in the 1980s. But this is an ideology that has been tried and found wanting. It accepts disparities, leading to the erosion of social order, and it stifles innovation by neglecting the necessary infrastructure of education and research. Japan is the only country that continues to espouse this line.
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