Japan's Lost Decade
Gebundenes Buch

Japan's Lost Decade

Lessons for Asian Economies

Herausgegeben: Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad
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This book discusses Japan's long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan's economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan's economic stagnation stems from a vertical "investment-saving" (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese e...