The contributions in this book provide a unique view of its emergence and growth in a number of different national settings in an area of the Third World where the industry is most advanced. In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Ito investigate the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context.Their emphasis is on the period since the collapse of the Bretton Woods system of fixed exchange rates in the early 1970s, and on the effects of policies and institutions in shaping the modern Japanese economy. The authors present basic themes and recent developments, as well as their own research findings.They also review and integrate the large literature in the area. They consider theoretical arguments and empirical evidence for each topic discussed. Topics covered include Japan's low inflation record (despite the central bank's lack of formal independence from the government); politically motivated business cycles and the timing of elections; exchange rate policy and international policy coordination; the historical development of central banking; Japan's "bubble economy" of the 1980s; and the causes, magnitude, and regulatory responses to Japan's banking and financial crisis of the 1990s.
This book covers all of the aspects necessary to the design and manufacturing of OLED displays. Topics include emission mechanism, material selection, device processing, manufacturing issues and countermeasures and display design basics. In addition, the book defines elements of OLED such as Thin Film Transistor (TFT) backplane design and processing details, including Low Temperature Poly Silicon (LTPS) process and circuit integration, and high yield method to manufacturer. Researchers and developers are aiming at making large OLED televisions and companies such as Samsung and Apple are rumored to be using OLED display for new screens. In addition to discussing the current composition of OLED, the book also covers the future for OLED technologies and displays. The Society for Information Display (SID) is an international society, which has the aim of encouraging the development of all aspects of the field of information display. Complementary to the aims of the society, the Wiley-SID series is intended to explain the latest developments in information display technology at a professional level. The broad scope of the series addresses all facets of information displays from technical aspects through systems and prototypes to standards and ergonomics
The second edition of a comprehensive account of all the major aspects of the Japanese economy, substantially updated and expanded. This textbook offers a comprehensive, rigorous but accessible account of all the major aspects of the Japanese economy, grounding its approach in mainstream economics. The second edition has been extensively revised and substantially updated, with new material that covers Japan's period of economic stagnation between 1991 and 2010. The first edition, published in 1992, focused on Japan as a success story of catch-up economic development; this edition reflects the lessons learned from Japan's Lost Two Decades. After presenting the historical background, the book begins with macroeconomics, studying growth and business cycles. It then covers essential policy issues, with new material that takes into account the Japanese banking crisis of 1997–1998 and the global financial crisis of 2008–2009, discussing financial regulation, monetary policy, and fiscal policy. It goes on to examine saving, demography, and social security in light of Japan's ongoing demographic transition; industrial organization; labor markets; international trade and international finance; and the Japan–U.S. relationship. A new chapter offers a detailed analysis of the Lost Two Decades, synthesizing and applying concepts discussed in previous chapters and offering insights into such issues as successful catch-up growth, demographic shifts, and credit booms and busts.
This new edition specifically addresses the most recent and relevant developments in the design and manufacture of OLED displays Provides knowledge of OLED fundamentals and related technologies for applications such as displays and solid state lighting along with processing and manufacturing technologies Serves as a reference for people engaged in OLED research, manufacturing, applications and marketing Includes coverage of white + color filter technology, which has become industry standard technology for large televisions
This book aims at making readers develop a better understanding of electrostatic fields using the form of problems and puzzles (summarized as “questions” hereafter) and answers, instead of tedious explanations in ordinary textbooks. The book is filled with the questions with unexpected answers and questions often misunderstood or rarely completely understood, most of which are original. The questions in the book look simple and very easy to answer at a glance; nevertheless, once students try to solve them, they will find that the questions are really tough nuts to crack. Teachers can also use the questions in the book in their classes. Not only from an academic or an educational point of view, the book is useful also to engineers working in such fields as electrical discharges and their applications, high voltage equipment in DC and AC circuits as well as electrostatic devices. This is because the book introduces various practical applications related to electrostatic fields. The original ideas of the book are based on the following Japanese book written by one of author; T. Takuma: Panorama of Electric Fields (in Japanese) IEE, Japan, 2003. This English version of the book has been thoroughly revised and improved with several new questions added.
This book demonstrates how exporters’ decisions regarding choice of invoice currency can be influenced by many factors including firm size, product competitiveness, intra/inter-firm trades, and the geography of export destination. The aim is to enhance our understanding of exporters’ behavior in terms of managing currency risk. It contains detailed research and insightful data focusing on Japanese exporters and shows how they face an important trade-off in choosing the invoice currency. If exports are invoiced in yen, then exchange rate fluctuations will pass through to retail prices ultimately affecting sales volumes. However, if they choose to invoice in the importer’s currency, then sales volumes are largely unchanged.
In recent years the Bank of Canada has made important changes in the way it conducts monetary policy. In particular, the bank has adopted explicit inflation targets and introduced significant changes to its operational framework designed to increase transparency and reduce market uncertainty. This paper examines the key issues associated with the recent changes in the Bank of Canada’s monetary policy framework and analyzes various indicators of central bank credibility.
This book analyzes how the bank-dominated financial system—a key element of the oft-heralded "Japanese economic model"—broke down in the 1990s and spawned sweeping reforms. Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang financial market reform, a complete restructuring of its regulatory financial institutions, and an independent central bank. These reforms have taken place amid recession and rising unemployment, collapsing asset prices, a looming banking crisis, and the lowest interest rates in the industrial world. This book analyzes how the bank-dominated financial system—a key element of the oft-heralded "Japanese economic model"—broke down in the 1990s and spawned sweeping reforms. It documents the sources of the Japanese economic stagnation of the 1990s, the causes of the financial crisis, the slow and initially limited policy response to banking problems, and the reform program that followed. It also evaluates the new financial structure and reforms at the Bank of Japan in light of the challenges facing the Japanese economy. These challenges range from conducting monetary policy in a zero-interest rate environment characterized by a "liquidity trap" to managing consolidation in the Japanese banking sector against the backdrop of increasing international competition.
An introduction to the Japanese economy based on a comparative perspective and an analytic approach grounded in mainstream economics. It compares Japan with the United States in terms of economic performances, institutions and government policies and also scrutinizes the Japanese economy.
This study considers the current economic relationship between the United States and Japan. Bergsten and Noland (both Institute for International Economics) along with Japanese economist Ito (Hitosubashi U.) argue that Japan no longer poses a unique economic threat to the United States and that the U.S. should begin treating Japan like any other major economic power. Among the topics covered are the resurgence of the American economy, the decline of the Japanese economy, resolving disputes through the WTO, and international finance. c. Book News Inc.
The 18 members of the Asia-Pacific Economic Cooperation Council (APEC) encompass not only a wide geographic area but also broad differences in stages of economic development, including among them some of the fastest- growing economies in the world. Such rapid growth has been ficilitated by high levels of investment and trade, international linkages, and, in most APEC economies, macroeconomic policies that have sustained growth while not sparking excessive inflation. This study offers insights about how medium and long-term changes in real exchange rates have affected international (and intra-APEC) trade and investment in the region.
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