Masayuki Morikawa, 31 March 2018

The Japanese economy is suffering its worst labour shortage since 1992. This column explores the impact of this shortage, in light of the past five years’ economic expansion. The main effect has been a decline in the quality of goods and services, which translates into increases in true prices. Going forward businesses should start differentiating their goods and services to capture the growing diversity of consumers’ willingness-to-pay.

Atsushi Nakajima, 27 March 2018

As the global economy continues to recover, trade frictions between advanced and emerging economies have started to appear. This column considers how Japan can continue its recent trend of economic expansion by addressing domestic growth opportunities while remaining resilient to international trade challenges. Both technological innovation and new business models are key to achieving this.

Masayuki Morikawa, 06 July 2017

Given the early stages of diffusion of many AI and robotic technologies, it is too early to measure the impact of these innovations on jobs. This column uses comprehensive survey data from Japan to measure the extent to which workers across different industries, levels of education, and occupations perceive their jobs to be at risk. Workers with adaptable skills acquired through higher education (particularly in science and engineering) or occupation-specific skills (particularly those in human-intensive personal services) are less worried about their jobs being replaced by AI and robotics.

Richard Baldwin, 20 March 2012

VoxEU welcomes the latest member of the Vox consortium – RIETI – that provides policy-relevant research and commentary on Japanese and global issues. Launched in April 2011, RIETI’s ‘columns&essays’ series hopes to become a major resource for economists, policymakers, and journalists with an interest in Japan, Asia, and the Japanese perspective on global issues.

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