Deutsches Institut für Japanstudien nav lang search
Deutsches Institut für Japanstudien

Franz Waldenberger

Franz Waldenberger
Economics and Business

My research on the Japanese economy began 1992, when I joined the DIJ as a senior research fellow. During my five years with the institute, I worked on Japanese industrial organisation, the employment system and the financial system. During that time I also completed my habilitation thesis – a prerequisite for becoming a German professor – on “The organisation and evolution of division of labour – insights from Japanese economic development” (in German). In 1997, I left the DIJ to take over a professorship for Japanese economy at Munich University. Since then I have extended my area of research on the Japanese economy to include corporate governance, Japan’s international economic relations and, most recently, fiscal and monetary policy. I am very happy to return to my former place of work for a five-year term. I am thankful to Munich University for generously granting me leave.

Selected publications
(The selection of publications provides an overview of the main areas of my research. A complete list of publications can be found here.)

DIJ Projects

The Future of Local Communities in Japan - Risks and Opportunities in the Face of Multiple Challenges

Effective Multinational Teamwork in the Japanese Context (EMTJ Study)

Start-ups in Asia – the role of agglomerations and international linkages

Selected Publications

A complete list of publications can be found here.


[With: Otto, Silke-Susan; Demes, Helmut; Hemmert, Martin; Meyer-Ohle, Hendrik; Lützeler, Ralph] Die japanische Wirtschaft heute - Ein Überblick. Miscellanea Vol. 10. Bonn, Tokyo: Deutsches Institut für Japanstudien. 170 p.
Firms and Markets: Why Is Japan Different?. Miscellanea Vol. 8. Bonn, Tokyo: Deutsches Institut für Japanstudien. 33 p.


[With: Keck, Jörn; Vanoverbeke, Dimitri] EU-Japan Relations, 1970-2012. From Confrontation to Global Partnership. Routledge.
[With: Tivig, Tusnelda] Deutschland im Demografischen Wandel. Ein Vergleich mit Japan. Klatschmohn Verlag.
[With: Conrad, Harald; Heindorf, Viktoria;] Human Resource Management in Ageing Societies. Perspectives from Japan and Germany. DIJ Publications. Basingstoke: Palgrave Macmillan. 256 p.
[With: Ōyama, Kōsuke; Yamamoto, Takehiko; Aronson, Jonathan D.; Watanabe, Yoshiaki; Horaguchi, Kenji; Weber, Adolf; Fukushima, Glen S.; Bourène, Maurice; Kiyono, Kazuharu; Pape, Wolfgang; Fröhlich, Hans-Peter; Nezu, Risaburō] The Political Economy of Trade Conflicts. The Management of Trade Relations in the US-EU-Japan Triad. DIJ Publications. Berlin: Springer Verlag. viii, 157 p.
[With: Gössmann, Hilaria] Japanstudien 5. Japanstudien 5. Munich: iudicium Verlag. 568 p., hardcover


In: Haghirian, Parissa (Ed.) Routledge Handbook of Japanese Business and Management. London and New York: Routledge. pp. 35-47.
Corporate governance
In: Haghirian, Parissa (Ed.) Routledge Handbook of Japanese Business and Management. London and New York: Routledge. pp. 59-74.
Japan’s new monetary policy
In: Rövekamp, F.; Hilpert, H. G. (Ed.) Currency Cooperation in East Asia. Berlin: Springer Verlag. pp. 43-55.
Confronting earthquake risk in Japan – Are private households underinsured?
In: Europe Asia Journal. Vol.11/1, (2013). pp. 78-91.
[With: Cheng, Ying] Does training affect individuals’ turnover intention? Evidence from China
In: Journal of Chinese Human Resource Management. Vol.4/1 (April 2013). pp. 16-38.
“Company heroes” versus “superstars”: executive pay in Japan in comparative perspective
In: Klein, Axel (Ed.) Contemporary Japan 25, No. 2. Contemporary Japan 27.00. Berlin and New York: de Gruyter. pp. 189–213.
Has the Japanese Economy become More Open?
In: Japan aktuell. 2/2008. pp. 3-21.
Growth and Structural Change in the Japanese Economy 1985 – 2000: An Input-Output Analysis
In: Asian Business and Management. 6, 2007. pp. 15-33.
The Evolution of the Japanese Employment System in Comparative Perspective
In: Matanle, Peter; Lunsing, Wim (Ed.) Perspectives on Work, Employment and Society in Japan. Basingstoke: Palgrave. pp. 8-30.
Japanese and German Corporate Governance in Transition: Forces of Change and Persistence
In: Pascha, Werner (Ed.) Systemic Change in the Japanese and German Economies. Convergence and differentiation as a dual challenge. London: RoutledgeCurzon. pp. 161-174.
The Link between employment and finance
In: Nutzinger, Hans G. (Ed.) Regulation, Competition and the Market Economy. Festschrift für Carl Christian von Weizsäcker zum 65. Geburtstag. Göttingen: Vandenhoeck & Ruprecht. pp. 61-75.
Japan als Gegenstand komparativer Analysen in den Wirtschaftswissenschaften, dargestellt am Thema "Corporate Governance?" [Japan as a Subject of Comparative Analyses in the Economics, Exemplified by "Corporate Govenance"]
In: Günther, Ines; Koch, Matthias (Ed.) Japanstudien 14. Japan als Fallbeispiel in den Wissenschaften. Japanstudien 14.00. Munich: iudicium Verlag. p.179-202.
From Corporatist to Market Capitalism? Japanese and German Systems of Corporate Governance Facing a Changing Environment
In: Internationale Politik und Gesellschaft (International Politics and Society). Heft 3, 2000. pp. 292-298.
Institutional change - lessons from the Japanese banking crisis
In: Riekeberg, Marcus; Stenke, Karin (Ed.) Banking 2000. Perspektiven und Projekte. Wiesbaden: Gabler Verlag. pp. 79-95.
[With: Hemmert, Martin; Dirks, Daniel; Meyer-Ohle, Hendrik; Legewie, Jochen] The Japanese Employment System in Transition
In: International Business Review 9, 5.

Working Papers (Book)

Fully reserve backed money – a solution to Japan’s fiscal and monetary challenges. Working Papers 17/1. Tokyo: Deutsches Institut für Japanstudien.
[With: Cheng, Ying; Kotosaka, Masahiro; Loh, Chang-Ti; Hemmert, Martin; Kohlbacher, Florian] High-tech Start-up Ecosystems in East Asian Agglomerations: Are They Different From the West? . Working Papers 16/1. Tokyo: Deutsches Institut für Japanstudien. 32 p.
Research on the Corporate Governance of Listed Stock Companies in Japan. Working Papers 15/2. Tokyo: Deutsches Institut für Japanstudien. 29 p.
Central Bank Independence in Times of High Fiscal Risk – the Case of Japan. Working Papers 14/5. Tokyo: Deutsches Institut für Japanstudien. 20 p.

Media Reviews

Japan auf der Suche nach der neuen Elite
In: NZZ. 26. März 2016. p.35.
Japan im Blick: Forschung am DIJ Tokyo
In: Weltweit vor Ort, Magazin der Max Weber Stiftung, 15/02. pp. 34-35.


July 28, 2017

November 26, 2016

November 15, 2016
Area Studies and the Social Sciences – What Policy Makers Can and Should Expect. The Relevance of Area Studies for the Sciences and Public Policy: Examples from Europe & Asia.

September 17, 2015
100 years of Leitner’s Risikopolitik. 100 Years of “Risikopolitik” and Risk Paradoxa.

November 12, 2015
Renewable Energy as Community Business - The Japanese Town Oki and German Village St. Peter. Risks and Opportunities in Japan: Local Communities Confronting Demographic Change and Climate Change.

December 2, 2014
Risk and Oportunity – Japan Confronting Uncertain Futures. Risk and Opportunity – Japan Confronting Uncertain Futures.

May 28, 2014
The Japanese economy under Abenomics. Risk and opportunities. Universität Duisburg-Essen, DFG Research Training Group „Risk and East Asia“, Duisburg.

May 23, 2014
Central bank independence in times of high fiscal risk. Conference on Central Banks, Financial Stability and Legal Issues in East Asia, Ostasieninstitut, Ludwigshafen.

March 7, 2014
日本企業のグローバル化はなぜ遅れているか? (Why are Japanese companies lacking behind in globalization?). Keidanren Seminar, Tokyo.

November 1, 2013
How to exploit the strategic potential of CSR?. International Association for Strategic Management, Chuo University, Tokyo.

October 3, 2013
Why is entrepreneurial activity so low in Japan? A macro perspective. Akamon Entrepreneurship Club, Tokyo University, Tokyo.

May 24, 2013
Japan’s new monetary policy. Some critical questions. Conference on Currency Cooperation in East Asia.

March 1, 2013
Industry-Academia-Government Collaboration in Germany. Japan Society of Automotive Engineers (JSAE) Committee Meeting, Tokyo.