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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