Annual Report on the Japanese Economy and Public Finance 2006 index

Contents

• Annual Report on the Japanese Economy and Public Finance 2006
• Introduction
• Chapter 1 Japanese Economy Heading for New Growth Era and its Challenges
  • Section 1 Background for the Continued Economic Recovery and Future Challenges
    • 1. Recent economic trend
    • 2. Characteristics of Current Economic Recovery Phase Seen from Aspects of Business Cycle
    • 3. Points to Keep in Mind Regarding Future Economic Trends
  • Section 2 Prospects for Overcoming Deflation and Related Challenges
    • 1. Recent Price Trends and Future Outlook
    • 2. Trends of Financial Policy
  • Section 3 Financial Market Recovery
    • 1. Variation factors and future prospects of long-term interest rates
    • 2. Evaluation of potential impact of a rise in interest rates on real economy
    • 3. Stock Market Continuing Recovery Reflecting Economic Recovery
    • 4. Bank Lending Begins Increasing
    • 5. Trends of Land Prices and Real Estate-Related Markets
  • Section 4 Trends in Fiscal Policy
  • Section 5 Summary
• Chapter 2 Changes in Business Behavior and Companies' Evaluation of Structural Reforms
  • Section 1 Business Behavior Being Normalized after Post-bubble Adjustments
    • 1. Business Sector Recovering on Elimination of Three Excesses
    • 2. Elimination of Bubbles' Negative Legacy and Business Behavior Changes
    • 3. Companies Still Curbing Personnel Costs and Lowering Labor Share
    • 4. Restructuring's Effects on Business Behavior
  • Section 2 Changing Characteristics of Japanese Companies
    • 1. Japanese Industrial Performance Worldwide
    • 2. Japanese Companies' Characteristics for International Comparison and Their Changes
    • 3. Changes in Japanese-style Management and Corporate Performances
  • Section 3 Structural Reforms and Business Environment for Companies
    • 1. Institutional Reforms Surrounding Companies
    • 2. Institutional Reforms Regarding Corporate Activities and Their Ratings
  • Section 4 Present Conditions and Problems at Japanese Banks
    • 1. Present Conditions of Japanese Banks
    • 2. Future Problems Facing Banks
  • Section 5 Summary
• Chapter 3 Changes in Environment in the Household Sector and Challenges toward the Strengthening of Human Potential
  • Section 1 Changes in employment styles and their impact
    • 1. Diversification in employment styles
    • 2. Severe employment situation for young generations
    • 3. Employment in various regions
  • Section 2 Challenges towards the strengthening of human potentials in terms of acquiring vocational skills
    • 1. Strengthening of human potentials from the perspective of acquiring vocational skills
    • 2. School education
    • 3. Vocational education and training provided by firms in Japan
    • 4. Significance and problems of vocational education and training seen respectively from individuals and firms
    • 5. Future prospects of the strengthening of human potential
  • Section 3 Economic Disparity in terms of the Household Sector
    • 1. Trends in the economic disparity based on economic statistical data
    • 2. Trend of social stratification
    • 3. Citizens' awareness of disparity
    • 4. Standpoint in considering the disparity
  • Section 4 Changes in environment of the household sector and policy responses
    • 1. Response to the diversification in employment styles
    • 2. Response to the severe employment situation among young people
  • Section 5 Summary
• Conclusion
• Appended Figures and Tables
• Appended Notes
• Bibliography
• Long-term Economic Statistics

Column

• Column 1 The Council on Economic and Fiscal Policy (CEFP)
• Column 2 Income surplus exceeds trade surplus
• Column 3 Structural Unemployment
• Column 4 It is after the war that inflation has taken root internationally
• Column 5 Relations between Employment Systems and R&D Operations
• Column 6 Relationship between Employment Tenure and Productivity
• Column 7 Situation regarding Germany's acceptance of foreign workers