As the Doha Round of WTO negotiations continue to stagnate, moves toward mega-FTAs are accelerating around the world. The best way of improving the business environment for companies, which contributes to smoother global supply chains, is to establish global trade rules for the 21st century. It is essential for Japan to take the initiative in establishing global trade rules through mega-FTAs such as TPP, RCEP, and Japan-EU FTA so that Japanese companies can display their strengths. This paper argues the future of the global trade regime and Japan’s trade strategy in the light of the ongoing negotiations for mega-FTAs.
The purpose of this paper is to investigate salient features of migrant workers in Japan and to analyze their economic impact on the host country. In the analysis, the clear distinction is made between “permanent migrants” and temporary “guest workers.” Using a general equilibrium framework, we found the following three points: (i) In Japan, most of migrant workers are characterized as temporary guest workers rather than permanent migrants; (ii) Admission of guest workers has negative economic impact on host country, unless the scale of admission is very large; (iii) Admission of permanent migrants is better than that of guest workers for host country.
This paper overviews the long-run and short-run movements of the current account in Japan over the period of 1980–2014 from various points of view. Firstly, some empirical work was conducted to analyze fluctuations in the current account in Japan by deconstructing structural and nonstructural components. This investigation shows that not a single factor may cause the sharp reduction of the current account surplus since 2010s. Our empirical model also indicates that Japanese current account will fall in deficit in the middle of 2020s.