[PEN-L] On Japan

Opinion: September 3, 2007 "Today's Disparities Echo Yesterday's 'Dual Structure'" Masahiko ISHIZUKA (Councilor for the Foreign Press Center Japan and a Lecturer at Waseda University) http://www.glocom.org/opinions/essays/20070903_ishizuka_today/ Despite economic growth, source of societal gap

[PEN-L] On Japan

Not so dissimilar to what I have been saying. Anthony Look who's back in the passing lane Sanford M. Jacoby International Herald Tribune FRIDAY, MARCH 17, 2006 LOS ANGELES, California The American auto industry is reeling from the news that General Motors and Ford are sharply sc

[PEN-L] On Japan

"The prolonged economic stagnation had less to do with inherent flaws in the Japanese system than with inept governmental responses to the 1989 stock-market crash and subsequent banking crisis." CB; Oh sure, the market system would have given continuous, flawless economic wonderfulness, if on

[PEN-L] On Japan

I agree with Walt. Charles you are misreading the piece. But yes, I remember how the NYT was gloating at Japan's recession throughout the 1990s, with a I-told-you-so attitude. cheers, a CB: Maybe. Here's the paragraph. It seems to say the economic stagnation "had more to do" with "inept go

[PEN-L] On Japan

The question is "what is the Japanese system"? It is a system of regulation (of which the state is only one actor). Regulation in the end is a social and political institutional process and product. Thus life time employment is a corporate form of regulation, of stabilizing the labor market, and

Re: [PEN-L] On Japan

Jacoby is usually very solid. Is he correct that Japan only made modest contributions to neoliberalism? I thought that the financial system was very compromised. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchic

Re: [PEN-L] On Japan

My suspicion is that banks were compromised because of the large debts that they carried. However, because of the large domestic market, government bailouts, and the willingness of Japanese consumers to pay high prices and be "socially" sensitive to job protection in myriad forms banks are sti

Re: [PEN-L] On Japan

That seems to be the opposite of what the article was saying. Especially because a few paragraphs down it defined the japanese "system" as being more interventionist than others. > > CB; Oh sure, the market system would have given continuous, flawless > economic wonderfulness, if only there ha

Re: [PEN-L] On Japan

I agree with Walt. Charles you are misreading the piece. But yes, I remember how the NYT was gloating at Japan's recession throughout the 1990s, with a I-told-you-so attitude. cheers, a xxx Anthony P. D'Costa, Professo

Re: [PEN-L] On Japan

The question is "what is the Japanese system"? It is a system of regulation (of which the state is only one actor). Regulation in the end is a social and political institutional process and product. Thus life time employment is a corporate form of regulation, of stabilizing the labor market, an