ADBI hosted the annual National Bureau of Economic Research (NBER) Japan Project conference, featuring cutting edge economic research on Japan. This year’s papers very much focused on microeconomics, with a number of studies using a “natural experiment” approach to analyze diverse phenomena, including firms’ decisions to use American-style or Japanese-style import procurement, women’s childbirth and employment decisions, and changes in risk assessment and the location of firms after the Great East Japan Earthquake in March 2011. One key finding was that child-friendly policies can have a significant impact on birth rates, a very significant issue for countries like Japan with declining populations. Dean Naoyuki Yoshino delivered opening remarks.
Sustained economic growth can contribute significantly to poverty reduction. Indeed, countries that have enjoyed economic growth for long periods of time have witnessed marked declines in poverty incidence. The Japanese economy, as the most advanced in Asia, can provide many useful lessons for the rest of Asia for a number of reasons. First, it has successfully achieved a high level of economic development. Second, it faces a number of structural issues that are likely to confront other Asian countries in the future, including an aging population, hollowing out of manufacturing and high levels of government debt. Third, it has experienced a number of crises including both financial ones and natural disasters. Finally, growth stagnation has triggered a number of policy responses, including “Abe-nomics” most recently.
The objective of this meeting is to produce a number of studies regarding issues related to the Japanese economy, including trade dynamics, monetary and fiscal policy, inflation, finance, labor markets and social protection.
Papers published by NBER
Time of event
10:00 - 16:30