OSIPP / Osaka School of International Public Policy, Osaka University

Japan’s Postwar Economy 2Japan’s Postwar Economy 2 　　

Toshihiko 　 Hayashitoshihiko@hayashiland.comhttp://www.hayashiland.com

Osaka School of International Public Policy

Osaka University

OSIPP / Osaka School of International Public Policy, Osaka University

■ 　 Post Bubble DeflationPost Bubble Deflation

Real GDP and Deflator

-3.0-2.0-1.00.01.02.03.04.05.06.07.0

％

GDP

Deflator

OSIPP / Osaka School of International Public Policy, Osaka University

■ 　 Number of Banks FailedNumber of Banks Failed

0

5

10

15

20

25

30

35

OSIPP / Osaka School of International Public Policy, Osaka University

■ 　 Towards a New EconomyTowards 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

KansaiKansai ： ： People, Culture and EconomyPeople, Culture and Economy

OSIPP / Osaka School of International Public Policy, Osaka University

Kansai

OSIPP / Osaka School of International Public Policy, Osaka University

■■ 　　 Map of KansaiMap of Kansai

OSIPP / Osaka School of International Public Policy, Osaka University

■■ 　　 Natural environmentNatural 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

■■ 　　 InfrastructureInfrastructure

◆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 CitiesTale 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 EconomyKansai 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)GDP by Countries (1996)Order country GDP(billion$)

1 United States 7388.12 Japan 4595.23 Germany 2353.54 France 1536.65 Italy 1214.26 United Kingdom 1153.4

　 Kansai 853.97 Spain 584.98 Canada 579.29 Korea 484.8

10 Holland 39611 Australia 390.912 Mexico 329.413 Switzerland 294.414 Belgium 268.215 Sweden 251.8

OSIPP / Osaka School of International Public Policy, Osaka University

■■ 　　 Output by Regions (1995)Output by Regions (1995)

928,970 855,728

1,804,921

1,450,888

388,615

841,294

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Kansai Central GreaterTokyo

Others Osakapref.

Tokyopref.

OSIPP / Osaka School of International Public Policy, Osaka University

■■ 　　 Industrial StructureIndustrial Structure

0.1

0.6

0.8

1.2

1.6

4.2

0.1

0.8

26.7

29.4

40.4

53.9

32.8

36.4

23.6

42.3

73.2

70.0

58.8

45.0

65.6

59.4

76.3

56.9

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Osaka Pref

Kyoto Pref

Hyogo Pref

Shiga Pref

Nara Pref

Wakayama Pref

Tokyo Pref

Aichi Pref

Primary

Secondary

Tertiary

OSIPP / Osaka School of International Public Policy, Osaka University

■■ 　　 People in Kansai and TokyoPeople 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 1Business 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 KansaiSmall 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 VenturesSome 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 wayProjects 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 ModelNew 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 PotentialsKansai 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 !Welcome to Kansai !

Toshihiko HayashiOSIPP, Osaka University

http://www.hayashiland.com