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Asian Financial Linkages: The Case of Japan
Fialová, Anežka ; Horváth, Roman (advisor) ; Turnovec, František (referee)
This work reviews the topic of international financial linkages, including theoretical definitions and the main methodological approaches of the empirical measurement based on vector autoregressive models. One of the approaches, the Spillover Index methodology based on Diebold & Yilmaz (2009), is then used to analyze the developments of financial linkages of the Japanese stock market in the period from 1995 to 2012. The attention is paid both to the relations with western developed economies and within the region of East Asia. The main contribution of this paper is the fact that it comprises a complete review of international relations of Japanese stock market during the era of unprecedented financial liberalization. The results of the empirical study confirm the opening of Japanese stock markets towards foreign influence. Even though USA have been the major driving force behind the movements in East Asian stock markets, Japan has become a significant regional player, whose influence on East Asian countries has been growing. The developments in the Japanese stock market are on the other hand driven solely by the western developed countries, which further supports the view of Japan as the regional financial leader.
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Abenomics and its impact on japanese economy
Machalová, Lucia ; Neumann, Pavel (advisor) ; Stuchlíková, Zuzana (referee)
The aim of this thesis is to analyse the impact of the so called abenomics reforms on the japanese economy and to assess its success and effectivity. It will consist of three main chapters. First chapter will describe how the japanese economy developed and what has caused its current state. Second chapter will explain how so called three arrows of abenomics work. Last chapter will analyse how successful these reforms were in meeting their goals and will try to estimate the future development of the japanese economy.
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Asian Financial Linkages: The Case of Japan
Fialová, Anežka ; Horváth, Roman (advisor) ; Turnovec, František (referee)
This work reviews the topic of international financial linkages, including theoretical definitions and the main methodological approaches of the empirical measurement based on vector autoregressive models. One of the approaches, the Spillover Index methodology based on Diebold & Yilmaz (2009), is then used to analyze the developments of financial linkages of the Japanese stock market in the period from 1995 to 2012. The attention is paid both to the relations with western developed economies and within the region of East Asia. The main contribution of this paper is the fact that it comprises a complete review of international relations of Japanese stock market during the era of unprecedented financial liberalization. The results of the empirical study confirm the opening of Japanese stock markets towards foreign influence. Even though USA have been the major driving force behind the movements in East Asian stock markets, Japan has become a significant regional player, whose influence on East Asian countries has been growing. The developments in the Japanese stock market are on the other hand driven solely by the western developed countries, which further supports the view of Japan as the regional financial leader.
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Asian Financial Linkages: The Case of Japan
Fialová, Anežka ; Horváth, Roman (advisor) ; Turnovec, František (referee)
This work reviews the topic of international financial linkages, including theoretical definitions and the main methodological approaches of the empirical measurement based on vector autoregressive models. One of the approaches, the Spillover Index methodology based on Diebold & Yilmaz (2009), is then used to analyze the developments of financial linkages of the Japanese stock market in the period from 1995 to 2012. The attention is paid both to the relations with western developed economies and within the region of East Asia. The main contribution of this paper is the fact that it comprises a complete review of international relations of Japanese stock market during the era of unprecedented financial liberalization. The results of the empirical study confirm the opening of Japanese stock markets towards foreign influence. Even though USA have been the major driving force behind the movements in East Asian stock markets, Japan has become a significant regional player, whose influence on East Asian countries has been growing. The developments in the Japanese stock market are on the other hand driven solely by the western developed countries, which further supports the view of Japan as the regional financial leader.
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Mutual balance of trade between the Czech Republic and Japan
VARBANOVOVÁ, Lucie
The dissertation deals with the topic of the mutual trade balance between the Czech Republic and Japan. The main focus is to find the causes of contemporary state of the mutual trade balance. The dissertation research which factors influence it and which factors will influence it in the future and how will the mutual trade balance probably develop in the future. The partial aim of this thesis is to find the possibilities of a concrete company to enter the Japanese market with reference to the market barriers. The dissertation firstly provides the theoretical information includes the topics of the economical development of Japan, Japanese external trade and also the trade between the Czech Republic and Japan. Then there are analyzed various entry barriers of the Japanese market. All the barriers are considered firstly generally and afterward they are applied on the concrete company, which contemporary thinks to enter the Japanese market. There are also discussed other factors, which are important in regard to entry the Japanese market as is transport, the business risk etc. The next part covers the causes of the contemporary mutual trade balance and the possibilities of its future development and possible equalization. There are analyzed factors, which influence the most the mutual trade balance between the Czech Republic and Japan.
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Japan‘s lost decade: impact on current and future economic development
Roštínský, Jakub ; Cihelková, Eva (advisor) ; Nováková, Jana (referee)
Bachelor thesis "Japan's lost decade: impact on current and future economic development" is focused on giving comprehensive overview of the development of the Japanese economy from the beginning of lost decade till the end of 20s of the 21st century. Emphasis is put on analysis of macroeconomic data during economic cycles in the context of economic and monetary policy and external influences. The target of this thesis is to determine whether Japan's government have succeeded in solving specific problems that occurred in the period of lost decade and whether foundations for sustainable economic growth were laid. The first chapter focuses on Japan's lost decade in order to identify its main causes and contributors. The second chapter puts emphasis on Koizumi's reforms, and on impacts of the global financial crisis on the Japanese economy. The third chapter concentrates on new government strategy and its influence on future development of Japan's economy.
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The impacts of natural disasters on japanese economy
Platlová, Drahomíra ; Stuchlíková, Zuzana (advisor) ; Zapletal, Petr (referee)
Japan ranks among the most developed countries in the world, nevertheless it neither can prevent frequent natural disasters nor their consequences. Although the government strives to minimise damage caused, those tragic events influence functioning of the state and its economic performance. The aim of the Bachelor thesis is to find out, to what extent the natural disasters influence Japan and analyse the impacts, which they could have on the economy. The first Chapter encompasses general information, which shows the basics of natural disasters. The second Chapter focuses on Japan, in particular on geographic conditions of the country, alert systems and deals also with comparison of two major earthquakes Kobe and Tohoku.
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Specific features of the Japanese socio-economic system and their effect on economic development
Kvapilová, Veronika ; Stuchlíková, Zuzana (advisor) ; Jelínek, Tomáš (referee)
The subject of this thesis are the specific features of the Japanese socio-economic system, their effect on the economy and possible changes resulting from the "Lost Decade". The first part of the thesis offers an overview of the specific features of the Japanese economy and describes their properties. Special attention is given to the lifetime employment and the seniority principle; these are examined in detail in the second part of the thesis. The final part focuses on shifts in the Japanese employment system, which are significantly influenced by both the "Lost Decade" and population ageing. The lifetime employment is in decline and there is an apparent rise in the number of non-regular workers; consequently, the different status of regular and non-regular workers results in growing income and social inequality.
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