Japan Quarterly

It is a well known fact that Japan spends only a small percentage of her gross national product on defense. What is not well known, however, is the fact that Japan's defense budget ranks among the top in the world and that her self-defense forces are considered to be amongst the best conventional armed forces in the world. Since empirical studies concerning Japan's military expansion are rare both in Japanese and English, the book takes up this neglected area. It examines Japan's military expansion and the decision-making of her defense policy between 1976 and 2007, focusing on the National Defense Program outline and the guidelines for United States-Japan Defense Cooperation. This book deals with how the bureaucratic politics model applies to the case of Japan's defense policy and demonstrates some similarities and differences between Japanese and United States decision-making.

This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter the analysis from three angles: in the form of a broad monetary aggregate, the interbank overnight rate and net capital flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand whether central banks are able to influence the stock market.

This classic introduction to the Japanese political system has been revised and updated to take the account of a time of turmoil in the country's political life. It incorporates new coverage of the end of the Koizumi era, the brief and troubled premiership of Abe, and the selection of Fukuda as prime minister. This edition also includes expanded material on "bubble" and "post-bubble" economic developments, as well as all-new coverage of health care policy.The text opens with an overview of Japan's geographical setting and history. The next group of chapters covers political institutions, processes, and actors. Two sections then address the country's distinctive social order and economy, educational, healthcare, and public safety systems. Part five looks at the increasingly contentious realm of foreign relations and security issues, including China's expanding role and the issue of North Korea. A concluding section considers dynamics of change in Japanese politics.

In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

This book examines the complex nature of Pakistan-Japan relations, focusing on two key factors: economic interests and security concerns in the US-led global security system. Providing a thorough analysis of the history of relations between the countries, it also sets out future prospects for economic and diplomatic relations.