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Contemporary Japan’s Economy in Global Economic Crises (ResMA)


Admission requirements

Admission to the MA Asian Studies (research). Students from other programmes are kindly referred to the course description of the regular MA course.


The Japanese political economy has shifted from a consensus-based to a more market-oriented model from the 1990s onwards. Such a shift stems from the disintegration of the capital-labour compromise, the adoption of neo-liberal policies, an increased level of employment insecurity and the transference of risk from the state to individuals, and related labour activism. We also witnessed a change in Japan’s companyism and J-model in financial distress. Japan’s financial and trade relations with the Asian markets evolved into a more strongly connected ones and the Japanese economy has increasingly become more dependent on these markets, which also intensify competition between Japanese domestic firms and firms in Asia. Regionalism in Asia therefore plays an important role in terms of changes in the Japanese political economy. The labour market in Japan faced drastic changes since the 1990s onwards and particularly witnessed an intensifying commodification of labour, which partly contributes to the emergence of labour activism in Japan. Japan faces fiscal challenges and this intensifies competition in the market, which explains a development of Anglo-American corporate practices. A level of financial distress and public dissatisfaction has risen in the aftermath of the Global Financial Crisis of 2007-8, whereas political elites seemed to have failed to provide adequate policies or alternative economic growth model to reverse neoliberalism in Japan. Whether Abenomics can provide an alternative model which can revive Japan’s economy or not is one of the most interesting points to examine in the study of the Japanese economy.

Students therefore engage with these issues and learn historical transformation of the model of Japanese political economy and how Japan’s socio-economic institutions interact and complement each other, or to what extent Japan witnessed a weakening level of complementarities of these institutions in global economic crises. This MA course provides students opportunities to consult with more specific readings and theoretically challenges students.

Course objectives

Students will

  • acquire a sound knowledge of key debates and issues in modern Japanese (political) economy and its recent transformation;

  • learn to think critically and analyse thecharacteristics of Japan’s political economy;

  • formulate original research questions and conduct effective research activities in relation to this course;

  • be trained to give an oral presentation, to do group work, and write essays.


Visit MyTimetable.

Mode of instruction

  • Lecture combined with seminar

The instructor gives an interactive lecture in the first half of the seminar, introducing the topic, the main problems that it raises, the principal authors and literature that has addressed the question, and so on. The instructor also initiates the discussions for the students. The students are invited to engage the discussions in the second session of the seminar. The discussions take forms of group discussion, presentation, debate, role play game, etc., depending on the contents of each week’s topic. The students should finish the required reading, prepare for the seminar questions (sent in advance) beforehand, and come to seminars ready to contribute; and their performance in the seminars will be assessed.

Course Load

Total course load (10 EC x 28 hours) 280 hours
Attend and participate in 12 × 2-hour lecture/seminar sessions 24 hours
Extra contact hours Research MA students 6 hours
Weekly reading (10 hours x 12 weeks) 120 hours
One oral presentation 25 hours
Write assessed research essay of 4,000 words, based on the material covered in the module 105 hours

Assessment method

Academic Integrity

Students should familiarize themselves with the notion of academic integrity and the ways in which this plays out in their own work. A good place to start is this page. Plagiarism will not be tolerated. Students may not substantially reuse texts they have previously submitted in this or other courses. Minor overlap with previous work is allowed as long as it is duly noted in citation.

Students must submit their assignment(s) to Brightspace through turnitin, so they can be checked for plagiarism. Submission via email is not accepted.

Assessment and weighing

Partial Assessment Weighing
Presentation 30%
Participation element (incl. attendance, participation, and webposts) 10%
Research element (research essay of 4,000 words) due via Brightspace 60%

Research essay
The research essay is written in two stages: a first version which will be commented on and a final version. Students who do not meet the deadline for the first version will lose the right to get comments and will only be graded based on their final version.

The final mark for this course is formed by the weighted average.

In order to pass the course, students must obtain an overall mark of 5.50 (=6) or higher.

The course is an integrated whole. All assessment parts must be completed in the same academic year. No partial marks can be carried over into following years.


Only if the total weighted average is insufficient (5.49 or lower) and the insufficient grade is the result of an insufficient research essay, a resit of the research essay is possible (60%). In that case the convener of the course may assign a (new) topic and give a new deadline.

A resit of the other partial assessments is not possible.

Exam review

Feedback will be supplied primarily through Brightspace. If a student requests a review within 30 days after publication of the exam results, an exam review will be organized.

Reading list

Core textbooks (to be expanded and weekly reading will be announced in the handbook later)

There is no single textbook which can cover the entire course. There are a few books which are useful for this course. See below.

  1. Watanabe, H.R. (2020) The Japanese Economy (Newcatle upon Tyne: Agenda Publishing).
  2. Boyer, R., Uemura, H., Yamada, T. and Lei, S. (2018) Evolving Diversity and Interdependence of Capitalisms: transformations of regional integration in EU and Asia. Available online
  3. Vogel, S. (2018) Marketcraft: How Governments Make Markets Work (New York: Oxford University Press).

For the Research MA students additional readings will be determined by the convener at a later stage taking into account the students’ fields of interest. Six hours of extra sessions will be used to discuss the additional literature.


Students are required to register through uSis. To avoid mistakes and problems, students are strongly advised to register in uSis through the activity number which can be found in the timetable in the column under the heading “USIS-Actnbr.”. More information on uSis is available in Dutch and English. You can also have a look at the FAQ.

Not being registered, means no permission to attend this course. See also the webpage on course and exam enrolment for registration deadlines and more information on how to register.


Dr. S. Kasahara.


Students with disabilities

The university is committed to supporting and accommodating students with disabilities as stated in the university protocol (especially pages 3-5). Students should contact Fenestra Disability Centre at least four weeks before the start of their courses to ensure that all necessary academic accommodations can be made in time conform the abovementioned protocol.