Hoshi, Schaede on Japan's Economy
Reader asks, "Japan Next Greece?"
06/11/2010
Don Bauder,
San Diego Reader
"Japan looks like a slow-moving train wreck,” says A. Gary Shilling, New Jersey–based economist who in 1988 was almost alone in predicting that the Japanese bubble would burst. But with the euro zone falling apart today, some economists think Shilling may be too optimistic: Japan, whose debt load is even worse than some of Europe’s most reckless borrowers, could go into the tank at the same time Europe is drowning, say the pessimists. However, Japan has some protections, particularly its own currency.
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Professor Hoshi is the Pacific Economic Cooperation Professor in international economic relations at IR/PS, research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.
Professor Schaede is an authority on Japanese business organization, management and strategy. She also works on Japanese financial markets and venture capital; corporate governance, employment practices and antitrust in Japan.
