For the Pacific Resources Exchange Center (関西経団連のPREX) - Training for Planners to Promote Photovoltaic Power Generation (A) at Osaka University Nakanoshima Center on September 7, 2013 - a presentation to officials from various developing countries.
2. Population trends and foreigners in Japan
Japanese history, culture, and society today
Government policies and politics in Japan
Relations with other countries in the world
Threats of fossil fuel dependence and disasters
Energy efficiency and renewable energy
Economic issues:
The yen, cost of living, saving vs. consuming
International trade, exports vs. imports
Taxes and distribution of wealth
Deflation vs. inflation expectations
Abenomics: monetary, fiscal, structural policies
Conclusion: Japan’s lessons for developing countries / Q&A
Discussion: Analyze your nation’s energy, etc. policy options
3.
4. Demographic shift, its reasons, and difficulty of solutions
“Six out of 10 respondents said the biggest reason for having fewer
children than they really want is that ‘it costs too much money to
raise and educate children’.” From:
https://japanforum.nbr.org/scripts/wa.exe?A2=ind1307&L=list&F=&S=&P=70494
7. Japanese government structure, from the Ministry of Finance:
http://www.mof.go.jp/english/budget/budget/fy2004/brief/images/p120.gif
8.
9. Japan still depends on imported non-renewable energy.
Increased fossil fuel consumption since 2011 nuclear shutdowns.
10. Japan has avoided energy shortages even after 2011, but its energy
efficiency ranking has dropped to 4th: http://japanfocus.org/data/scorecard_dewit.JPG
Can government policy successfully promote renewable energy?
Source: Ministry
of Economy,
Trade & Industry
http://www.meti.go.jp/english/policy/energy_environment/renewable/ref1002.html
11.
12. Japan and the global economy
Stable cost of living, saving vs. consuming
Nearly full employment society, but part-timers increasing
International trade, exports vs. imports
Distribution of wealth, social safety net, taxes
Inflation policy and planned consumption tax increase discussed at:
http://www.etftrends.com/2013/08/wisdomtree-japanese-inflation-the-yen-and-tax-policies
Deflation vs. inflation expectations. Who benefits from which?
Low interest rate policy, yen carry trade, investing abroad
Overseas Development Assistance (ODA): http://www.mofa.go.jp/policy/oda
Next slides:
What is the role of the yen in the world money supply?
Is Japan a huge debtor or a huge creditor nation?
Does weakening the yen help the overall economy?
Abenomics: financialization of the Japanese economy?
13. The total amount of Japanese yen in the world money supply
is nearly as much as the US dollar or the euro, so yen flows
have a major impact on the global economy. See the chart at:
http://dollardaze.org/blog/?page_id=00023
14. Although Japan’s national debt is the world’s largest, very little
of it is owed to the outside world. Japan continues to be the
world’s largest creditor country, earning steady income. From:
http://blogs.wsj.com/japanrealtime/2013/05/28/japan-worlds-largest-creditor-nation-for-22nd-straight-year
15. Recent news on the weakened yen
“The yen has fallen nearly 25% against the US dollar since
November 2012, as policymakers unveiled a series of aggressive
measures to revive growth.”
“A weak yen has its advantages as well, the biggest one being that
it makes Japanese goods cheaper for foreign buyers. That helps to
boost exports - one of the key drivers of Japan's economic growth.”
“… shipments from Japan rose 12.2% in July, from a year ago,
the fastest pace of growth since December 2010.”
“Exports to China, Japan's biggest trading partner, rose by 9.5%
from a year earlier, compared with 4.7% growth in June.”
“Meanwhile shipments to the US jumped by 18.5% from a
year ago, up from a 14.6% rise in the previous month.”
BBC News, 19 August 2013, from:
http://www.bbc.co.uk/news/business-23751029
16. Abenomics: 3 arrows of monetary, fiscal, and structural policy.
It has started mostly by having the central Bank of Japan print
more money, weakening the yen. Are leaders giving up on the
real economy in favor of financialization, or will fiscal stimulus
work, and will structural reforms overcome special interests?