Why is Japan a good case study to help Europe overcome the economic and ﬁnancial crisis that started more than ﬁve years ago? What can Japan learn from Europe’s experience?
Japan and the EU are both open economies with signiﬁcant trade and ﬁnancial links; both face in many respects similar challenges. Both economies are affected by the rise of emerging market economies, which represent a huge opportunity but also imply the need to continuously adapt the production structure to the new competition. Both economies also face comparable internal economic adjustments.
This report sets out to address these issues, and to identify some of the channels through which Europe can learn from Japan, and viceversa. It is the final output of a strategic European Union-Japan research partnership, involving Kobe University and Bruegel with selected outside contributors from Japanese and European government and policy institutions.
This publication compiles a collection of papers presented at Bruegel’s event Japan and the EU in the global economy – challenges and opportunities