Japan's lost decade
Subtitle: origins, consequences and prospects for recovery
By: edited by Gary R. Saxonhouse and Robert M. Stern.
Contributors: Stern, Robert M. 1927-; Saxonhouse, Gary R.
Series: The world economy; World economy (Malden, Mass.)
Publisher: Blackwell
Published: 2004
Place of publication: Oxford
Language: eng
Number of pages: 124
Subjects: Japan -- Economic policy -- 1989-  -- Congresses; Japan -- Economic conditions -- 1989-  -- Congresses
Genres: Congresses.
Description: "After decades of growth, Japan now faces an economic crisis. This volume examines the origins of Japan's current economic difficulties, particularly the collapse of the equity and real estate market bubbles in the late 1980s. It looks at the link between these price shocks, the downturn in economic growth and the onset of deflation, and analyses the failure of Japanese monetary and fiscal policies to reverse the decline. Various policy options are explored, but the volume concludes that the prospects for Japan's economic recovery are still uncertain because of the lack of political will to adopt the measures necessary for overcoming the 'lost decade'."--Jacket.
Notes: "The papers in this issue were prepared initially for a symposium held 22 March 2002 at the University of Michigan."--P. 1.

Includes bibliographical references and index.