The Political Economy of Fiscal Consolidation in Japan
This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and imple
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Toshihiro Ihori Kimiko Terai Editors
The Political Economy of Fiscal Consolidation in Japan
Advances in Japanese Business and Economics 8
More information about this series at http://www.springer.com/series/11682
Advances in Japanese Business and Economics Editor in Chief: RYUZO SATO C.V. Starr Professor Emeritus of Economics, Stern School of Business, New York University Managing Editors: HAJIME HORI, Professor Emeritus, Tohoku University KAZUO MINO, Professor, Kyoto University MARIKO FUJII, Professor, The University of Tokyo TAKAHIRO FUJIMOTO
Editorial Board Members: MASAHIRO MATSUSHITA
Professor, The University of Tokyo
YUZO HONDA Professor Emeritus, Osaka University Professor, Kansai University
TOSHIHIRO IHORI
Professor Emeritus, Aoyama Gakuin University
TAKASHI NEGISHI Professor Emeritus, The University of Tokyo, The Japan Academy
Professor, The University of Tokyo
KIYOHIKO NISHIMURA
TAKENORI INOKI
Professor, The University of Tokyo
Professor Emeritus, Osaka University Special University Professor, Aoyama Gakuin University
TETSUJI OKAZAKI
JOTA ISHIKAWA
Professor, Osaka University
Professor, Hitotsubashi University
JUNJIRO SHINTAKU Professor, The University of Tokyo
KUNIO ITO
Professor, The University of Tokyo
YOSHIYASU ONO
Professor, Hitotsubashi University
KOTARO SUZUMURA
KATSUHITO IWAI
Professor Emeritus, Hitotsubashi University, The Japan Academy
Professor Emeritus, The University of Tokyo, Visiting Professor, International Christian University
HIROSHI YOSHIKAWA Professor, The University of Tokyo
Advances in Japanese Business and Economics showcases the research of Japanese scholars. Published in English, the series highlights for a global readership the unique perspectives of Japan’s most distinguished and emerging scholars of business and economics. It covers research of either theoretical or empirical nature, in both authored and edited volumes, regardless of the subdiscipline or geographical coverage, including, but not limited to, such topics as macroeconomics, microeconomics, industrial relations, innovation, regional development, entrepreneurship, international trade, globalization, financial markets, technology management, and business strategy. At the same time, as a series of volumes written by Japanese scholars, it includes research on the issues of the Japanese economy, industry, management practice and policy, such as the economic policies and business innovations before and after the Japanese “bubble” burst in the 1990s. Overseen by a panel of renowned scholars led by Editor-in-Chief Professor Ryuzo Sato, the series endeavors to overcome a historical deficit in the dissemination of Japanese economic theory, research methodology, and analysis. The volumes in the series contribute not only to a deeper understanding of Japanese business and economics but to revealing underlying universal principles.
Toshihiro Ihori • Kimiko Terai Editors
The Political Economy of Fiscal Consolidation in Japan
Editors Toshihiro Ihori Professor Faculty of Economics The University
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