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You searched for: Publishing Institution Oxford Analytica Remove constraint Publishing Institution: Oxford Analytica Political Geography East Asia Remove constraint Political Geography: East Asia Topic Economics Remove constraint Topic: Economics
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  • Author: Caspar Fithin
  • Publication Date: 04-2001
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The ruling Liberal Democratic Party (LDP) will elect a new president on April 24. Given that the LDP is the largest party in parliament, its president will also become the country's prime minister. While the media and the public are demanding genuine leadership from the government, the LDP's structure militates strongly against forthright policy-making.
  • Topic: Economics, Government, Political Economy, Politics
  • Political Geography: Japan, East Asia
  • Author: Caspar Fithin
  • Publication Date: 03-2001
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: The Bank of Japan (BoJ) announced a new approach to monetary policy which effectively targets money supply growth and inflation on March 19. The BoJ has indicated that the immediate consequence of its measures to boost financial system liquidity will be to push short-term interest rates back to zero or virtually zero. It has pledged to maintain rates at this level until deflationary pressures are reversed and the consumer price index becomes positive. The BoJ's actions have the potential to lead to a revival in share prices, corporate activity and bank lending. If the initiative results in a sustained weakening of the yen, the economy may also benefit from stronger export growth. However, the effect of all of these measures will be blunted unless they are accompanied by the structural reforms which the government has for some time foreshadowed, but which have suffered from delay and indecision.
  • Topic: Economics, Government, International Trade and Finance
  • Political Geography: Japan, East Asia
  • Author: Oxford Analytica
  • Publication Date: 03-2000
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: While the region has now emerged from recession, economic reforms remain incomplete and politically contentious. There is a risk that complacency and intransigence will weaken the momentum behind reforms before their full benefits can be felt. For countries not immediately enveloped by it, the East Asian crisis laid bare the risks associated with postponing economic reform without necessarily producing change.
  • Topic: Economics, Political Economy, Politics
  • Political Geography: East Asia
  • Author: Oxford Analytica
  • Publication Date: 10-1999
  • Content Type: Policy Brief
  • Institution: Oxford Analytica
  • Abstract: Pessimism surrounding the Japanese economy has lessened as, against most expectations, recovery continues to take hold. Analysts who predicted further contraction in Japan's GDP during fiscal 1999 have altered to a more optimistic outlook. The reason for this turnaround is a general change in perception of the recession. Rather than the downturn being part of a decade-long stagnation persisting since the collapse of the bubble economy in 1991, the recession was in fact of more recent origin and, therefore, of a less intractable nature than commonly supposed.
  • Topic: Economics
  • Political Geography: Japan, East Asia