This paper undertakes a cross-country study on the price- output gap relationship for selected industrialized countries (Japan, the U.S., Germany, the U.K., and Canada). The estimation results show that the price-output gap relationship in these countries can be classified into two categories:...

This paper describes several structural changes in the Japanese labor market and related institutional factors with special emphasis on the labor supplies of part-time workers and discouraged workers. We also discuss necessary reforms in the labor market and some implications of such structural...

This paper describes the statistics reforms in Japan, especially in regard to gross domestic product and related statistics, that were meant to identify and then rectify the problems in Japanese government statistics. The paper then explains the recent revelation of serious errors in vital wage...