Economic stagnation in Japan : exploring the causes and remedies of Japanization

Contents: Preface -- 1. Introduction and overview / Dongchul Cho, Takatoshi Ito and Andrew Mason -- Part I Aging, industry maturation and Japanization -- 2. Japanization: is it spreading to the rest of the world? / Takatoshi Ito -- 3. GDP growth from the perspective of demographic change: will aging Korea become another Japan? / Kyooho Kwon -- 4. Export dynamics of Japan, Korea and China / Kyu-Chul Jung -- Part II Resource allocations and TFP -- 5. Product market efficiencies and TFP: a comparative study of Japanese and Korean firms / Keiko Ito and YoungGak Kim -- 6. Misallocation in the manufacturing sector of Korea: a micro data analysis / Jiyoon Oh -- Part III Roles of financial markets -- 7. Financial market efficiency: a comparative perspective / Mitsuhiro Fukao -- 8. How to deal with the rise of zombie firms in Korea / Daehee Jeong -- Part IV Monetary policy and house prices -- 9. Deflation and monetary policy / Barry Eichengreen -- 10. Is Korea's monetary policy following in the footsteps of Japan? / Dongchul Cho -- 11. Aging and housing prices: the cases of Korea and Japan / Inho Song -- Part V Japanization and fiscal policy -- 12. Avoiding another "lost decade": what role for fiscal policy? / Jerry Schiff and Ikuo Saito -- 13. Lessons for Korea from Japan's fiscal policy / SeongTae Kim -- Index.