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-CONTENTS-  

Introduction

Executive Summary (PDF file, 10KB)
 
 

I. World Economic Trends

Chapter 1. World Economic Trends—Economic Trends in Major Regions (PDF file, 466KB)

  A. The robust US economy and current risk factors

1. Record duration for US economic expansion

2. Risk factors for the US economy

  B. Euro strengthens European economic integration

1. The European economy in 1999

2. Economic impact of the euro

  C. The recovering East Asian economy and keys to sustainable growth

1. East Asian economy rebounds from the economic and currency crises

2. Key structural issues in achieving sustained East Asian economic growth

  D. Yen appreciation, higher oil prices and the impact on the Japanese economy

1. Impact of yen appreciation on the Japanese economy

2. Impact of rising oil prices on the Japanese economy

II. Promoting a Multi-Layered Trade Policy

Chapter 2. Framework of Trade and Investment Liberalization (PDF file, 119KB)

  A. Comprehensive liberalization in a global age

1. Economic globalization and creation of new rules at WTO

2. Steady WTO progress with trade and investment liberalization—A comprehensive approach and prevention of AD abuse

  B. Trade liberalization and civil society

1. Trade and environment

2. Trade and labor standards

3. Link between trade liberalization and civil society

Chapter 3. Widening and deepening regional interdependence —Growing interdependence between the Asian economy and Japan (PDF file,243KB)

  A. Asia and Japanese economies have recoverd through interdependence

1. Exports from Japan clearly linked to East Asian recovery

2. Locomotive effect of the Japanese import from East Asia

  B. Current standing and future challenge of Japanese companies in Asia

1. Japanese affiliates in Asia stand their ground

2. Response of Japanese affiliates in electrical and transport machinery sectors

3. Expansion of corporate M&As in Asia led by Western companies

4. Localization of management styles

  C. Deepening regional integration

III. Japan’s Course in the Global Economy

Chapter 4. Japan’s Industrial Competitiveness—Current Status and Issues Faced (PDF file, 165KB)

  A. Changing trade structures and industrial competitiveness

  B. Regulatory reform, innovation and productivity in the services sector

Chapter 5. The Global Economy as an opportunity to stimulate the Japanese Economy (PDF file,174KB)

  A. Contribution to the Japanese Economy of Inward Foreign Direct Investment (FDI)

  B. Growing international competition among systems—Health care and educational systems

  C. Judicial system reforms in line with economic globalization

1. Economic significance of judicial system reforms

2. Provision of high-quality and abundant legal services

3. Transparent and accessible legal services

Appendices

Bibliography