Asian Economic Policy Review

Cover image for Vol. 9 Issue 1

Edited By: Takatoshi Ito, Kazumasa Iwata, Colin McKenzie and Shujiro Urata

Impact Factor: 0.28

ISI Journal Citation Reports © Ranking: 2012: 278/333 (Economics)

Online ISSN: 1748-3131

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Latest issue of Asian Economic Policy Review

The Japanese economy has been in a liquidity trap for more than a decade. In responding to the emergence of deflation, the Bank of Japan cut its policy interest rate several times until the rate finally reached the zero lower bound (ZLB) in February 1999. The policy rate had not hit the ZLB since the Great Depression. Why did this happen again in Japan and in other industrial countries? The six papers in this issue address this question with a particular focus on deflation in Japan.

Japan's Persistent Deflation and Monetary Policy: Editors' Overview
Takatoshi Ito, Kazumasa Iwata, Colin McKenzie, Shujiro Urata and Tsutomu Watanabe

Chronic Deflation in Japan
Kenji Nishizaki, Toshitaka Sekine and Yoichi Ueno

Micro Price Dynamics during Japan's Lost Decades
Nao Sudo, Kozo Ueda and Kota Watanabe

Product Downsizing and Hidden Price Increases: Evidence from Japan's Deflationary Period
Satoshi Imai and Tsutomu Watanabe

Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data
Naohito Abe and Kyosuke Shiotani

A Pass-Through Revival
Etsuro Shioji

Is Downward Wage Flexibility the Primary Factor of Japan's Prolonged Deflation?
Sachiko Kuroda and Isamu Yamamoto

About the journal

The goal of Asian Economic Policy Review is to become an intellectual voice on the current issues of international economics and economic policy, based on comprehensive and in-depth analyses, with a primary focus on Asia. Emphasis is placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region.

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Please note that Asian Economic Policy Review does not currently accept contributed papers.

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Asian Economic Policy Review top articles

Read the top Asian Economic Policy Review articles online:

The Fall and Rise of Keynesian Fiscal Policy
Alan J. Auerbach

Fiscal Challenges in the Euro Zone
José Manuel Campa

Global Financial Crisis and ASEAN: Fiscal Policy Response in the Case of Thailand and Indonesia
Kanit Sangsubhan and M. Chatib Basri

Demographic Change and Economic Growth in Asia
David E. Bloom and Jocelyn E. Finlay

Fiscal Prudence and Growth Sustainability: An Analysis of China's Public Debts
Gang Fan and Yan Lv

Japan at the crossroads - Latest issue of Asian Economic Policy Review

Among Japanese academics and policymakers alike, there has been a pervasive feeling that Japan could have done better in managing the post-bubble stagnation that started in 1992. The two decades since the early 1990s are remembered as the “Lost Two Decades,” as the average economic growth rate during this period has been barely above 1%. Japan now finds itself at a crossroads, and it will be forced to make some tough decisions.

After two lost decades, the Japanese economy needs radical policy change to avoid further stagnation, which will likely end up in a fiscal crisis. Read this issue of AEPR to get the full picture.

In addition to reading the in-depth analysis in the issue, you can also watch the authors provide video abstracts of their papers:

Watch video abstracts of the latest issue of Asian Economic Policy Review

Explaining Japan's Unproductive Two Decades
Kyoji Fukao

Explaining Japan's Unproductive Two Decades by Kyoji Fukao

Is the Sky the Limit? Can Japanese Government Bonds Continue to Defy Gravity?
Takeo Hoshi and Takatoshi Ito

Is the Sky the Limit? Can Japanese Government Bonds Continue to Defy Gravity? by Takeo Hoshi and Takatoshi Ito

Response of Asset Prices to Monetary Policy under Abenomics
Kazuo Ueda

Response of Asset Prices to Monetary Policy under Abenomics by Kazuo Ueda

Japan's Post-Fukushima Energy Policy Challenges
Ken Koyama

Japan's Post-Fukushima Energy Policy Challenges by Ken Koyama

Industry-specific Real Effective Exchange Rates and Export Price Competitiveness: The Cases of Japan, China, and Korea
Kiyotaka Sato, Junko Shimizu, Nagendra Shrestha and Shajuan Zhang

Industry-specific Real Effective Exchange Rates and Export Price Competitiveness: The Cases of Japan, China, and Korea by Kiyotaka Sato, Junko Shimizu, Nagendra Shrestha and Shajuan Zhang

Free Trade Agreements and Domestic Politics: The Case of the Trans-Pacific Partnership Agreement
Megumi Naoi and Shujiro Urata

Free Trade Agreements and Domestic Politics: The Case of the Trans-Pacific Partnership Agreement by Megumi Naoi and Shujiro Urata

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