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Monthly Archives: August 2013

Japan’s New Young Women

A concurrent set of posts on the NBR Japan Forum is on the role of women in the labor force. At younger ages, the shift towards greater participation is dramatic, a 30 percentage point jump among 25-29 year olds. Participation for women age 30-34 is following in parallel, with about a 13 year lag:
LF%2013

However, this is less economically meaningful than at first glance. Women are not going to be able to save Japan from its demographic challenges. (more…)

Nikkei Bubble on Slate

…real vs nominal…
Matt Yglesias has a Slate post on the 1987-91 Nikkei bubble. His core graph, drawn from the St. Louis FRED database, is on the left; I’ve shorted the time period to go from 1965 through 2001 to match the SNA1968 nominal GDP time series. The same series, divided by nominal GDP, is below. There’s still quite a bubble, but relative to GDP stock prices had been even higher in the early 1960s — and except around the time of the oil crisis tracked nominal GDP from 1967 until 1985. (more…)