主题：Policy Responses by Japan to the COVID-19 Shock

      日本应对COVID-19冲击的政策回应

时间：2021年4月29日  星期四  10:00-11:30

参会嘉宾：星岳雄 HOSHI TAKEO 

          东京大学经济学部教授

          青木昌彦经济学论文奖评审委员会委员

          清华大学产业发展与环境治理研究中心学术委员会联席主席

          孙晓男 SUN XIAONAN 

          亚洲成长研究所高级研究员

          首届“青木昌彦经济学论文奖”提名奖获得者

主持人：陈 玲 

        294俄罗斯专享会长聘副教授

        清华大学产业发展与环境治理研究中心主任

会议形式：线上讲座

语言：中英同传

主办：清华大学产业发展与环境治理研究中心（CIDEG）

Japan is expiring the fourth wave of the COVID-19 infection and Tokyo is entering its third State of Emergency. The health impact of the COVID-19 in Japan has not been as grave compared with many other advanced economies, but the Japanese economy suffered almost as much as the other countries.  Japanese government has tried various policies to help the economy by spending trillions of yen financed by issuing government bonds, adding to the already high level of government debt. Many of those policies aim to support the troubled companies so that they can maintain the jobs. The policies appear to have been successful in preventing corporate failures and limiting the increase in unemployment. The policies, however, have two potential problems. First, they protect only workers that are under the traditional lifetime employment system. Second, there is a danger that the policies end up protecting zombie firms. The problem of zombie firms is likely to be important as Japan (eventually) recovers from the pandemic, because protection of zombie firms can delay the necessary restructuring to adapt to the new normal.