The Economics of Japan’s Stagnation
The Japanese economy has been mired in subdued growth and deflation for more than two decades. This paper describes the key economic facts and features of Japan’s decades of stagnation. It discusses why long-term Japanese government bonds’ nominal yields have stayed very low in spite of elevated government debt ratios and chronic fiscal deficits. It also provides a brief overview of Abenomics and recent economic developments in Japan.
Year of publication: |
2014
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Authors: | Akram, Tanweer |
Published in: |
Business Economics. - Palgrave Macmillan, ISSN 0007-666X. - Vol. 49.2014, 3, p. 156-175
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Publisher: |
Palgrave Macmillan |
Saved in:
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