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講義概要/Course description
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Prior to the COVID-19 pandemic, Japanese economy was under long-term economic boom due to accommodative monetary and fiscal polices as well as some structural policies.
From mid- and long-term viewpoints of the Japanese economy, however, more substantially, Japan faces critical issues to cope with such as driving innovation and growth, responding to rapidly aging and decreasing population, ensuring environmental/economic/social sustainability, and restoring sound fiscal and social security system.
Under these circumstances, what kinds of public policies, firm behaviours and others are required, especially from mid and long term perspectives?
The key message thorough all over the lectures in this course is the importance of Sustainability and Prosperity through appropriate growth and productivity which are also expected to contribute to distribution.
This course is designed to provide and equip students with key knowledge of Japanese economy comprehensively in understanding Japanese structural mid- and long-term challenges so that students are able to both (1)develop further learning/research in advanced subjects and (2)pioneer and develop future career.
* The instructor demonstrates a variety of aspects and characteristics of Japanese Economy in the course based on the experience of working in the Government of Japan (Ministry of Agriculture, Forestry and Fisheries, Ministry of Finance, Cabinet Secretariat, Embassy of Japan etc.) as an economic policy planner, diplomat and researcher.
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達成目標/Course objectives
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You will be able to obtain comprehensive understanding of the situation and key challenges of Japanese economy. We will also learn policies implemented/ to be implemented in order to solve mid- and long term difficulties, and measures aiming to realise economic growth and distribution simultaneously.
(*The instructor welcomes students’ consultation. Students are encouraged to consult with the instructor without hesitation by utilising the opportunities of classes, office hour and individual enquiries (ex. e-mail))
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履修条件（事前に履修しておくことが望ましい科目など）/Prerequisite
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All the students who have interests in Japanese economy are welcome. Let us enjoy studying together!
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授業計画/Lecture plan
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1
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| 授業計画/Class |
Introduction of the course, COVID-19 impacts and Japan's Economy
第1回目は【オンライン(オンデマンド型)で実施】, As for the first lecture, it will be conducted by the 【online(on-demand) format】
(1)Objective, Course plan, Evaluation criteria
(2)Current state/situation of Japanese Economy and Macroeconomic Challenges
(refence)
1. Cabinet Office (2021), Current State of Japanese Economy and Macroeconomic Challenges, The Summary of Annual Report on the Japanese Economy and Public Finance 2021, Chapter-1
https://www5.cao.go.jp/keizai3/whitepaper-e/wp2021-e.html
2. Other recent economic indicators
Please check the following webpage responding to your interests.
https://www.cao.go.jp/index-e.html
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2
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| 授業計画/Class |
Industrial Policy after the World War II
Historical transition of Japanese industrial policies in post war era
(a) period of economic recovery and high growth(1945-73)
(b) period of stable growth(1974-90)
(c) period of long stagnation(1991-)
(reference)
1. T. Okazaki (2017), Industrial Policy in Japan: 70-Year History since World War II, RIETI
https://www.rieti.go.jp/en/papers/contribution/okazaki/06.html
2. Textbook chapter-3 |
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3
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| 授業計画/Class |
Macro economic Policies and economic Trends of Japanese economy since 1980's (1)
(1) Price hike in asset markets and bubble
(2) Burst of bubble
(3) "Lost decade" after the bubble
(reference) Textbook chapter-14 |
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4
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| 授業計画/Class |
Macro economic Policies and economic Trends of Japanese economy since 1980's (2)
(4) Challenges to be overcome after lost decade
(5) Japanese economy(2002-12)
(reference) Textbook chapter-14 |
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5
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| 授業計画/Class |
Structural challenges and Reforms
(1) Necessities and importance of enhancing productivity
(2) Factors and measures to improve productivity
(3) Survey on previous studies
(4) Roles of the government
(reference)
1. Committee for Japan’s Future (2014), Choice for the Future , Cabinet Office
https://www5.cao.go.jp/keizai-shimon/kaigi/special/future/chuukanseiri/04_e.pdf
2. Committee for Japan’s Future (2014), Choice for the Future [Interim Report on Previous Discussions] (Summary), Cabinet Office
https://www5.cao.go.jp/keizai-shimon/kaigi/special/future/chuukanseiri/03_e.pdf |
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6
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| 授業計画/Class |
Recent Japanese economic policy
(1) Economic policies and those performances under Abe and Suga administration
(2) New Form of Capitalism under Kishida administration - its direction and related government discussions
(reference)
The Government of Japan(2021), Toward a New Form of Capitalism: Outline of the Emergency Proposal from the Council of New Form of Capitalism Realization
https://www.japan.go.jp/kizuna/2021/11/toward_a_new_form_of_capiatalism.html
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7
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| 授業計画/Class |
Greener policies toward ensuring Sustainability
- Japan's net zero-emissions goal by 2050
- Other countries approach (EU, U.K., U.S.) |
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8
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| 授業計画/Class |
ICT, Digital Agency
(1) Measures taken and to be taken by the newly established Digital Agency
(2) Livelihood and Economy Supported by Digital Technologies
(3) Digitalisation Accelerated by the COVID-19 Pandemic
(4) Toward Realising Digital Transformation that “Leaves No One Behind”
(5) Future prospects of the Japanese ICT industry
(reference)
1. Digital Agency Website
Following webpage contains the National Digital Strategy (June 2021) and the Priorities set by/for the Agency.
https://www.digital.go.jp/en
2. Ministry of Internal Affairs and Communications(2021), Key Points of the 2021 White Paper on Information and Communications in Japan
https://www.soumu.go.jp/main_sosiki/joho_tsusin/eng/whitepaper/2021/pdf/key-points.pdf |
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9
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| 授業計画/Class |
Labour -Work Style Reforms-
(1) Overview of Japanese labour market
(2) Employment Changes and Challenges
(3) The diversification of human resources (elderly, women, foreign workers)
- Establishing appropriate environment
(reference)
1. Cabinet Office (2021), Employment Changes and Challenges, The Summary of Annual Report on the Japanese Economy and Public Finance 2021, Chapter-3
https://www5.cao.go.jp/keizai3/whitepaper-e/wp2021-e.html
2. Textbook chapter-10 |
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10
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| 授業計画/Class |
Trade and Supply chain
(1) Toward Building Resilient Supply Chains
(2) New Model for Growth that Incorporates Common Values
(3) Taking Measures toward Building a Global Value Chain with Trust
(reference)
1. Ministry of Economy, Trade and Industry(2021), Challenges Regarding Trade and How to Overcome Them, Summary of the White Paper on International Economy and Trade, Part II
2. Textbook chapter-11 |
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11
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| 授業計画/Class |
Regional revitalisation including Digital Countryside Initiative under Kishida administration
(1) Necessities and importance of "regional revitalisation"
(2) Demographic changes and regional revitalisation
- Future projections
- Different stages of population decrease
- Domestic Migration (Historical trends and Recent Changes under Covid-19 pandemic)
- International comparisons
(3) Digital Countryside Initiative under Kishida administration
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12
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| 授業計画/Class |
Public Finance
(1) Fiscal situation of Japan
(2) Problems of large amount of fiscal deficit and debt
(3) Japanese Government Bond (JGB) market
(4) Theories about fiscal stability and proposals by international organisations (IMF and others)
(reference)
1. Ministry of Finance (2021), Japanese Public FinanceFact Sheet
https://www.mof.go.jp/english/policy/budget/budget/fy2021/02.pdf
2. Textbook chapter-7 |
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13
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| 授業計画/Class |
Japan - Asian countries
* Lectures are conducted based on the lecture's experience in India
(1) Japan's FDI in ASEAN, China and India
(2) Bilateral economic relations between Japan and India
(3) Business environment surrounding India
(4) Japanese companies in India
(5) Support system by the Japanese government
- JETRO (Japan External Trade Organization)
- JICA(Japan International Cooperation Agency) |
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14
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| 授業計画/Class |
Japanese Agriculture and global market
(1) Basic framework and concepts of Japanese agricultural policy
(2) Characteristics and challenges regarding Japanese agriculture,
(3) Strategic exploration of global market
- Some statistics on agricultural trade
- Promoting export and culture of Japanese agricultural products and food
- Strategic approach regarding standards and certification, intellectual property rights
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15
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| 授業計画/Class |
Wrap-up
Review and summarise the whole contents of the lecture during the term. |
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| 事前学習/Preparation |
Read original materials provided in advance and prepare your questions. |
| 事後学習/Reviewing |
Review materials and your notes. Investigate points you want to know more.
Ask the instructor (email etc.) if you have unclear points or issues you want to develop your understanding. |
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授業方法/Method of instruction
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| 区分/Type of Class |
対面授業 / Classes in-person
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| 実施形態/Class Method |
通常型 / regular
補足事項/Supplementary notes
This lecture will be conducted by face to face format (normal pattern) (*The first lecture will be conducted by online(on-demand)format).
本講義は対面授業(通常型)で実施します。(*ただし、第1回目はオンライン(オンデマンド型)で行います)
Taught lecture Style in principle.
The instructor conducts teaching in the way that students can widen and deepen views and stimulate interests in Japan and its economy, based on the working experience in the Government of Japan. (Positive and constructive contributions including questions during classes are welcome.)
Lecture materials will be uploaded by using Course Power in advance of each lecture. (Printed materials are also distributed during classes. Students are not necessarily required to print out materials in advance.)
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| 活用される授業方法/Teaching methods used |
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成績評価方法/Evaluation
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| 1 |
平常点 In-class Points
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40%
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In each class, students are required to answer and submit QA sheet (basically "multiple-choice" plus "brief description"), which are closely linked to the taught content of each lecture. This will be conducted for the purpose of confirming the understanding of each student.
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レポート Report
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60%
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(Final report)
(1) Choose ONE topic (2 or 3 topic will be provided by the lecturer).
(2) Topics are closely related to the contents of the lectures.
(3) The length of the report is supposed to be at least above 1,000 words excluding graphs and charts, and is expected to be around 1,200 words (excl. graph and charts). (possible changes in the length of the paper are announced in the class)
Evaluation criteria for Final report;
(i) Logic, Consistency,
(ii) Effective usage of data
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課題（試験やレポート等）に対するフィードバックの方法/Feedback methods for assignments (exams, reports, etc.)
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Answers of the QA-sheets will be explained during the following lectures.
Scores of the final report will be incorporated into the final grade of each student.
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教科書/Textbooks
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| | 著者名
Author | タイトル
Title | 出版社
Publisher | 出版年
Published year | ISBN | 価格
Price | コメント
Comments |
| 1 |
Takatoshi Ito, Takeo Hoshi
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The Japanese Economy (second edition)
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The MIT Press
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2020
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9780262538244
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11,860 yen including tax
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* For each class, customised original materials based on textbooks, reference books and others will be distributed. It is not mandate for students to buy textbooks nor reference books.
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参考書/Reference books
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| | 著者名
Author | タイトル
Title | 出版社
Publisher | 出版年
Published year | ISBN | 価格
Price | コメント
Comments | |
| 1 |
Heizo Takenaka
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The Structural Reforms of the Koizumi Cabinet: An Insider's Account of the Economic Revival of Japan
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Nikkei Publishing
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2008
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9784532133597
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2,700yen plus tax
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the same with above.
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メッセージ/Message
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Let’s enjoy studying Japanese Economy and spending days at Aoyama Gakuin University together!
The instructor conducts effective teaching in the way that students can widen views and stimulate interests in Japan and its economy.
All the students who have interests in Japanese economy are welcome. If you need further information before registration, please do not hesitate to contact with the instructor by email.
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その他/Others
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Students are required to attend all classes of the course (at least two thirds of attendance is necessary to obtain credits in this course.)
When you need special considerations, please consult with the instructor in advance.
If you face the emergency, please do not worry and do not hesitate to consult with the instructor.
* This course is taught by the lecturer who has hands-on experience in the government. During the course, the instructor demonstrates a variety of aspects and characteristics of Japanese economy based on the experience of working in the Government of Japan (Ministry of Agriculture, Forestry and Fisheries, Ministry of Finance, Cabinet Secretariat, Embassy of Japan etc.) as an economic policy planner, diplomat and researcher.
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キーワード/Keywords
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Japan
Japanese
economy
economics
government
policy
industry
New Form of Capitalism
hands-on experience
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