This volume explains the salient features of the Japanese labour market. The key idea in this book is integrated segmentation. Emphasis is upon segmentation: on the demand side, within the educational system and, on supply side, monitoring costs which underlie labour contracts. Using long run official government statistical evidence, it is argued that what is peculiar to Japan is the integration of segmented labour markets. By virtue of segmentation the Japanese labour market is deeply competitive. By virtue of integration it is highly cooperative.

Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual-country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany, France, and several countries in Asia.

In this book, the author describes that the relationship based shareholding was the hidden key factor to explain Japan's miraculous economic success after WWII. The stock market which valued the low profitability Japanese companies highly enabled them to provide 'better and cheaper' manufactured goods in the export markets, leading resource poor Japan to a leading exporter and economic and financial superpower. The book also casts critical eyes to the weakness of the traditional Japanese financial system as a catch-up model, in comparison with the open US system.

'...a tightly argued and excellent book.' - William D. Wray, Journal of Japanese Studies How did Japan, despite her lack of natural resources, become the world's leading iron and steel producing country? This book examines how the collaboration between government and industry created this economic miracle.

This volume explains the salient features of the Japanese labour market. The key idea in this book is integrated segmentation. Emphasis is upon segmentation: on the demand side, within the educational system and, on supply side, monitoring costs which underlie labour contracts. Using long run official government statistical evidence, it is argued that what is peculiar to Japan is the integration of segmented labour markets. By virtue of segmentation the Japanese labour market is deeply competitive. By virtue of integration it is highly cooperative.

Economic progress requires technological development, which in turn depends on a country's social capacity to acquire, assimilate, and develop new technologies. Focusing on the evolution of Japan's economy from the Meiji Restoration to the present day, this volume provides an authoritative account, firmly grounded in theoretical and empirical analysis, of the country's attempts to generate the necessary social capacity for technological innovation and absorption. Successive chapters address the specific experiences of a number of key Japanese industries during this process. Each industrial...

In this book Ryoshin Minami studies the last hundred years of Japan's remarkable economic growth from the Meiji period up to the present day. First, he reveals the factors which account for Japan's successful economic take-off during the Meiji period. Second, he explains why Japan achieved a more rapid rate of economic growth than other developed countries. This forms the major part of the book and will interest those in the developed countries who have felt the full force of Japan's export drive and whose own industries are consequently in decline. Finally, the author evaluates the results...

The book examines the effect of various public policies on economic performance in Japan. Various public policies include tax policy, regulation, macroeconomic policy, labour policy and some others. Many fields regarding economic performance are covered in this book: savings, portfolio choice, housings, investments, cost of capital, taxes, unemployment, wages, inequality, etc. Emphasis is placed on the examination of the two factor markets, namely, the capital and labour markets in Japan.

In this book Minami studies the last hundred years of Japan's remarkable economic growth from the Meiji period up to the present day. First he reveals the factors which account for Japan's successful economic take-off during the Meiji period. Secondly he explains why Japan achieved a more rapid rate of economic growth than other developed countries. This forms the major part of the book and will interest those people in the developed countries who have felt the full force of Japan's export drive and whose own industries are consequently in decline. Finally the author evaluates the results of...

Part of a series on the modern Japanese economy which explores all the major areas of Japanese economic life, this book examines the managerial hierarchies of large-scale Japanese industrial companies since their emergence.