For Japan the nineties are regarded as the lost decade, due to slow economic growth in the formerly growth-intensive country. The slump, starting after the asset price bubble of the late eighties burst, is still going on. To identify factors contributing significantly to the unfavourable...

Despite the fact that the last century was characterized by an impressive increase of cross-border capital flows, Japan remained a relatively closed economy up to the late 90s. Only when the "bubble" burst was the impetus given for more rapid opening up of the economy and the closely related...

Aufgrund des schwachen Wachstums werden die 90er Jahre für das lange Zeit wachstumsverwöhnte Japan als verlorenes Jahrzehnt angesehen. Die dauerhafte wirtschaftliche Schwäche, die nach dem Platzen der Blase an den Vermögensmärkten einsetzte, hält immer noch an. Um die Faktoren...