OSIPP / Osaka School of International Public Policy, Osaka University Japan’s Postwar Economy 2 Toshihiko Hayashi [email protected] http://www.hayashiland.com Osaka School of International Public Policy Osaka University OSIPP / Osaka School of International Public Policy, Osaka University ■ Post Bubble Deflation GDP Deflator 19 80 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 20 00 % 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 Real GDP and Deflator OSIPP / Osaka School of International Public Policy, Osaka University ■ Number of Banks Failed 35 30 25 20 15 10 5 00 20 99 19 98 19 97 19 96 19 95 19 94 19 93 19 92 19 91 19 19 90 0 OSIPP / Osaka School of International Public Policy, Osaka University ■ Towards a New Economy ◆Structural Change ・Political System, Government Reform, Industrial Restructuring ◆New Sense of Direction ・Social Concern and Participation, Private Initiative ◆New Economy ・Information Technology, Quality of Life, Environment, Welfare, Sustainable Growth OSIPP / Osaka School of International Public Policy, Osaka University Kansai: People, Culture and Economy OSIPP / Osaka School of International Public Policy, Osaka University Kansai OSIPP / Osaka School of International Public Policy, Osaka University ■ Map of Kansai OSIPP / Osaka School of International Public Policy, Osaka University ■ Natural environment ◆Area = 27,000 square kilometers ◆Woody mountains, flat land and sea ◆Population = 20 million ◆Clear four seasons OSIPP / Osaka School of International Public Policy, Osaka University ■ Infrastructure ◆Airports: Kansai Osaka (Kobe) ◆Seaports: Kobe Osaka Sakai ◆Highways and road ◆Public transportation ◆Underground towns ◆Telecommunications OSIPP / Osaka School of International Public Policy, Osaka University ■ Tale of Three Cities ◆Osaka CBD of Kansai ; Merchant City ◆Kyoto Historic and Innovative ◆Kobe Gateway to Heaven OSIPP / Osaka School of International Public Policy, Osaka University ■ Kansai Economy ◆World’s seventh largest country ◆Japan’s second largest region ◆Industrial but increasingly service oriented ◆Small and medium size enterprises ◆Relative decline and potentials OSIPP / Osaka School of International Public Policy, Osaka University ■ GDP by Countries (1996) Order country 1 2 3 4 5 6 United States Japan Germany France Italy United Kingdom Kansai 7 Spain 8 Canada 9 Korea 10 Holland 11 Australia 12 Mexico 13 Switzerland 14 Belgium 15 Sweden GDP(billion$) 7388.1 4595.2 2353.5 1536.6 1214.2 1153.4 853.9 584.9 579.2 484.8 396 390.9 329.4 294.4 268.2 251.8 OSIPP / Osaka School of International Public Policy, Osaka University ■ Output by Regions (1995) 2,000,000 1,804,921 1,800,000 1,450,888 1,600,000 1,400,000 1,200,000 1,000,000 928,970 855,728 841,294 800,000 600,000 388,615 400,000 200,000 0 Kansai Central Greater Tokyo Others Osaka pref. Tokyo pref. OSIPP / Osaka School of International Public Policy, Osaka University ■ Industrial Structure Aichi Pref Tokyo Pref Wakayama Pref Nara Pref 0.8 0.1 42.3 23.6 76.3 4.2 36.4 1.6 Shiga Pref 1.2 Hyogo Pref 0.8 Kyoto Pref 0.6 Osaka Pref 0.1 0% 56.9 59.4 32.8 65.6 53.9 45.0 40.4 Secondary Tertiary 58.8 29.4 70.0 26.7 10% Primary 73.2 20% 30% 40% 50% 60% 70% 80% 90% 100% OSIPP / Osaka School of International Public Policy, Osaka University ■ People in Kansai and Tokyo ◆Individualism / herd behavior ◆Casual / formal ◆Fun loving / austere ◆Pragmatic / authoritative ◆Price speaks / quality speaks ◆Money making admired / achievement respected OSIPP / Osaka School of International Public Policy, Osaka University ■ Business Ideas from Kansai 1 ◆Asahi Newspaper, Mainichi Newspaper ◆Sumitomo bank, Sanwa bank ◆Textiles ◆Pharmaceutical ◆Electric Appliances ◆Whisky ◆Prefabricated Houses ◆Supermarket OSIPP / Osaka School of International Public Policy, Osaka University ■ Business Ideas from Kansai 2 ◆“Terminal” Department Store ◆Moving Service ◆“Cupsule” Hotel ◆Sushi Carrousel ◆Futures ◆Instant Ramen ◆Kansai Through OSIPP / Osaka School of International Public Policy, Osaka University ■ Small Businesses in Kansai ◆Bicycles (Sakai) ◆Blanket (Izumi-Otsu) ◆Artificial Pearl (Sakai) ◆Tools (Higashi-Osaka) ◆Carpet (Sakai) ◆Thermos OSIPP / Osaka School of International Public Policy, Osaka University ■ Some Recent Ventures ◆Computer Software Nintendo, CSK, ASCII, Capcom ◆Personnel service Pasona ◆Entertainment Yoshimoto, Shochiku, Movie ◆Business matching VentureLinks OSIPP / Osaka School of International Public Policy, Osaka University ■ Projects under way ◆Osaka-dome ball park (completed) ◆Akashi Strait bridge (completed) ◆ Second runway for KIX ◆ World cup soccer of 2002 ◆ Universal Studio Japan (completed) ◆ International Convention Center (completed) ◆ Reconstruction projects in Kobe ◆ Urban redevelopment projects OSIPP / Osaka School of International Public Policy, Osaka University ■ New Business Model ◆ Deregulation Banking, communications, energy ◆ Privatization JR, NTT West, Postal saving (?) ◆ Decentralization Public works, project development ◆ Value for Money Private Finance Initiative OSIPP / Osaka School of International Public Policy, Osaka University ■ Kansai Potentials ◆ Cultural heritage ◆ Cyber society in natural environment ◆ Big market ◆ Production base ◆ Gateway to South East Asia ◆ Free market tradition ◆ Open to new ideas OSIPP / Osaka School of International Public Policy, Osaka University Welcome to Kansai ! Toshihiko Hayashi OSIPP, Osaka University http://www.hayashiland.com
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