Koji Nomura

Half the Capital Stock, One Premise: Japan's ¥1 Quadrillion of Implicit Power-System Credit

Productivity Research Notes (PRN Series), No. 2619 Reliable electricity at economically viable prices underpins long-lived capital. Using a bottom-up classification of more than 170 asset categories, this note estimates Japan's electricity-dependent capital stock at ¥1,000.8 tril...

Half the Capital Stock, One Premise: Japan's ¥1 Quadrillion of Implicit Power-System Credit

Productivity Research Notes (PRN Series), No. 2619 Reliable electricity at economically viable prices underpins long-lived capital. Using a bottom-up classification of more than 170 asset categories, this note estimates Japan's electricity-dependent capital stock at ¥1,000.8 tril...