Weekend Reading: Robert Allen on Japan https://ift.tt/2C95o0h Weekend Reading: On Japan: Robert Allen** (2013) Global Economic History: A Very Short Introduction (Very Short Introductions) (Oxford: Oxford University Press: ) https://books.google.com/books?isbn=0199596654: On Japan: "Japan is a particularly interesting case, for it was the first Asian country to catch up with the West… …Japanese history is divided into four periods: Tokugawa (1603–1868), when the country was governed by Tokugawa shoguns; Meiji (1868–1905), when power was returned to the Emperor Meiji and economic modernization began; Imperial (1905–40), when heavy industries were founded; and, finally, the Era of High Speed Growth (1950–90), when Japan […]
https://www.boj.or.jp/en/research/wps_rev/lab/lab15e03.htm/ Recent monetary policies aiming to influence the entire yield curve have come to play a more prominent role in advanced economies as there has been little room for further lowering the short-term interest rate. This means that the effects of monetary easing cannot be fully captured by the single gap between the actual real short-term rate of interest and the corresponding natural rate of interest. This article proposes the concept of the natural yield curve, which extends the idea of the natural rate of interest defined at a specific maturity to one defined for all maturities. The gap between […]
Japanese markets in everything https://ift.tt/2BYCiAx Stressed out, overworked, or just over it: Workers in Japan who want to leave their jobs — but don’t want to face the stress of quitting in person — are paying a company called Exit to tell their bosses that they won’t be back. People hoping to never set foot in their workplace again pay Exit $450 to help them quit their full-time jobs; those who have had it with part-time work can pay around $360. And as Alex Martin reports for Japan Times, “Repeat clients get a [$90] discount.” Here is the full NPR story, via Andrea […]
I’m choosing Japan for this post, but it could refer to almost any developed country. I would argue that the answer to the question in the title depends on how you define “life”: Definition A: The total utility of the typical life. Source: Japan: Is life getting better?