Japan and the EU in the global economy

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.