- シンクタンクならニッセイ基礎研究所 >
- 経済 >
- 日本経済 >
- Japan's Productivity through the Lens of “Cheap Japan”
2023年08月22日
■要旨
Historically, Japan was recognized as an expensive country, and the issue of the domestic–foreign price gap was subject to extensive discussion. However, in recent years, Japan has earned the reputation of “cheap Japan”, with prices no longer consistently ranking high among developed nations. It is often pointed out that the relative lack of productivity growth and the decline in innovation in Japan may be contributing to this trend. This paper aims to empirically examine higher or lower price levels in Japan relative to foreign countries. Based on this analysis, this work systematically investigates the structural factors behind the “cheap Japan” phenomenon by exploring the relationship between the real exchange rate—reflecting the disparity between domestic and foreign prices—and productivity, utilizing the Balassa–Samuelson hypothesis.
■目次
I――Introduction
II――Current Status of “Cheap Japan”
1|Comparison by Big Mac Index
2|Comparison of Total Prices Using OECD Purchasing Power Parity (PPP) Exchange Rates
III――The Relationship Between the Real Exchange Rate and Productivity: The Balassa- Samuelson Hypothesis
1|Balassa-Samuelson Hypothesis
2|Data Verification
3|Implications for Japan
Ⅳ――Conclusion
Historically, Japan was recognized as an expensive country, and the issue of the domestic–foreign price gap was subject to extensive discussion. However, in recent years, Japan has earned the reputation of “cheap Japan”, with prices no longer consistently ranking high among developed nations. It is often pointed out that the relative lack of productivity growth and the decline in innovation in Japan may be contributing to this trend. This paper aims to empirically examine higher or lower price levels in Japan relative to foreign countries. Based on this analysis, this work systematically investigates the structural factors behind the “cheap Japan” phenomenon by exploring the relationship between the real exchange rate—reflecting the disparity between domestic and foreign prices—and productivity, utilizing the Balassa–Samuelson hypothesis.
■目次
I――Introduction
II――Current Status of “Cheap Japan”
1|Comparison by Big Mac Index
2|Comparison of Total Prices Using OECD Purchasing Power Parity (PPP) Exchange Rates
III――The Relationship Between the Real Exchange Rate and Productivity: The Balassa- Samuelson Hypothesis
1|Balassa-Samuelson Hypothesis
2|Data Verification
3|Implications for Japan
Ⅳ――Conclusion
山下 大輔
研究・専門分野
公式SNSアカウント
新着レポートを随時お届け!日々の情報収集にぜひご活用ください。
新着記事
-
2024年05月14日
インド消費者物価(24年4月)~4月のCPI上昇率は僅かに低下、11カ月ぶりの水準に -
2024年05月14日
ダチョウとミーアキャットの間-好ましくない情報にはどう対処する? -
2024年05月14日
企業物価指数2024年4月~前年比上昇率は前月と変わらず。先行きは政策の影響を受けて上昇率が高まる見通し~ -
2024年05月14日
新築マンション市場の動向(首都圏2024年3月)~高値続きで郊外の供給増、マンションの競争力に注意 -
2024年05月14日
厚生年金適用拡大の新たな論点:年金と健保の連動とマルチワーカー~年金改革ウォッチ 2024年5月号
レポート紹介
-
研究領域
-
経済
-
金融・為替
-
資産運用・資産形成
-
年金
-
社会保障制度
-
保険
-
不動産
-
経営・ビジネス
-
暮らし
-
ジェロントロジー(高齢社会総合研究)
-
医療・介護・健康・ヘルスケア
-
政策提言
-
-
注目テーマ・キーワード
-
統計・指標・重要イベント
-
媒体
- アクセスランキング
お知らせ
-
2024年04月02日
News Release
-
2024年02月19日
News Release
-
2023年07月03日
News Release
【Japan's Productivity through the Lens of “Cheap Japan”】【シンクタンク】ニッセイ基礎研究所は、保険・年金・社会保障、経済・金融・不動産、暮らし・高齢社会、経営・ビジネスなどの各専門領域の研究員を抱え、様々な情報提供を行っています。
Japan's Productivity through the Lens of “Cheap Japan”のレポート Topへ