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This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. (4) If coordinated properly, monetary stabilization policies can remove the destabilizing tendency of fiscal stabilization policies.

This book explores how a long-term innovation can take place based on historical analyses of the development of reverse osmosis (RO) membrane from the early 1950s to the mid-2010s. The RO membrane is a critical material for desalination that is a key to solve water shortages becoming serious in many places of the world.The authors conducted in-depth field studies as well as analyses of rich archival data to demonstrate how researchers, engineers, managers, entrepreneurs, and policymakers interacted each other for this material innovation to be realized. A series of historical analyses in this book uncovered that initial government supports, strategic niche markets, emergence of breakthrough technology, and company-specific rationales played significant roles for companies to overcome four types of uncertainty, technological, market, competition, and social/organizational ones, and enabled the companies to persistently invest in the development and commercialization of the RO membrane.This book depicts that innovation does not arise on a sudden, but that it is actualized through long lasting process with turns and twists, which is driven by many non-economic rationales beyond economic motives.

This book explains how standard micro-founded macroeconomics is misguided and proposes an alternative method based on statistical physics. The Great Recession following the bankruptcy of Lehman Brothers in September 2015 amply demonstrated that mainstream micro-founded macroeconomics was in trouble. The new approach advanced in this book reasonably explains important macro-problems such as employment, business cycles, growth, and inflation/deflation. The key concept is demand failures, which modern micro-founded macroeconomics has ignored."e;It (Chapter 3) captures analytically a good part of the intuition that underlies the Keynesian economics of people like Tobin and me."e;Robert Solow, Emeritus Institute Professor of Economics, Massachusetts Institute of Technology, Nobel Laureate in Economics, 1987"e;Professor Hiroshi Yoshikawa provides a unique synthesis of statistical physics and macro-economic theory in order to confront the dismal failure in economics and in finance to understand how an economy or a financial market works, given the heterogeneous decision making of many different individual interacting actors. Economics has failed in this regard with the naive and often misleading concept of "e;representative agents."e; The author presents many insights on the historical development, concepts, and errors made by the most illustrious economists in the past. This book should be essential readings for any economics students as well as academic researchers and policy makers, who should learn to bring back good-sense thinking in their impactful decisions."e;Didier Sornette, Professor on the Chair of Entrepreneurial Risks at the Swiss Federal Institute of Technology Zurich (ETH Zurich)

This book aims to review the postwar interactions of Japan with Asia. The Japanese factory production system, kaizen, has been shared in Asia. This book collects more diverse topics from Japan's interactions with China, the Philippines, Indonesia, and Hong Kong. Each chapter provides details on how the business, political, and cultural interactions enrich both sides.  The findings are then used to suggest the possibility of a de-facto Asian Community and Japan's role in the present and  post-COVID-19 world.

This book clarifies the challenges and outcomes of the Sunshine Project, a national project in Japan for developing new energy that was launched about 40 years ago at the time of the first oil crisis in the early 1970s and ended, as planned, in the early 2000s.

This open access book explores the impact of deep regional economic integration on spillovers of knowledge and technology across countries.

The in-depth analyses presented in this book have a dual focus: (1) Social mechanisms through which the gender wage gap, gender inequality in the attainment of managerial positions, and gender segregation of occupations are generated in Japan;

This book focuses on exploring the relationship between spin-outs from incumbents and the patterns of innovation in general purpose technology.

This book answers the question of how exactly property price indexes should be constructed. The formation and collapse of property bubbles has had a profound impact on the economic administration of many nations.

This book develops new, original methods of welfare comparison and comparative dynamics between distinct and discretely positioned (rather than continuously related) socioeconomic situations.

Based on recent advances in economics, especially those in behavioral economics, this book elucidates theoretically and empirically the mechanism of time-inconsistent decision making that leads to various forms of self-destructive behavior.

Based on comprehensive surveys and the author's original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules.

This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects.

Despite the globalization of accounting standards occurring through convergence to International Financial Reporting Standards, local accounting systems are deeply intertwined with each country's unique institutions such as its corporate system, disclosure practices and enforcement mechanisms.

Elements of Neo-Walrasian Economics

Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties.

This book is the first book that provides comprehensive economic analysis of cross-border outsourcing by Japanese manufacturing firms based on microdata.

This book is the first book that provides comprehensive economic analysis of cross-border outsourcing by Japanese manufacturing firms based on microdata.

This book explores the linkages between the evolution of corporate social responsibility (CSR) and corporate financing and governance in Japan since the late 2000s.