Macroeconomic review of Japan.

Introduction The emergence of a single imperial line in Japan probably dates from the 6th century AD, if not earlier. By the 7th century, the country was unified as an empire modeled largely on the Chinese state. Over subsequent centuries, however, the emperor's control declined and local feudal lords, served by the samurai warrior class, began to hold the real power. In 1192 Minamoto Yoritomo became shogun, or military governor, and the shoguns were in effect …

…facilitate female labor force participation. Finally, the high participation rate of older workers should be maintained by further reforming the pension system to reduce incentives to retire between the ages of 60 and 64. Bibliography: 1)<Tab/>www.economist.com 2)<Tab/>www.dushkin.com 3)<Tab/>www.mof.go.jp 4)<Tab/>www.cao.go.jp 5)<Tab/>www.frbsf.org