(4) deflation. A closer examination of how Japan got into the Japanization state reveals that it is a combination of (a … actual real interest rate; (3) the nominal (policy) interest rate is zero; (4) deflation, i.e., negative inflation rate. As a … 1990. Since 2009, major advanced countries have shared conditions (1)-(3). Only Japan has experienced a prolonged period of …

(4) deflation. A closer examination of how Japan got into the Japanization state reveals that it is a combination of (a … actual real interest rate; (3) the nominal (policy) interest rate is zero; (4) deflation, i.e., negative inflation rate. As a … 1990. Since 2009, major advanced countries have shared conditions (1)-(3). Only Japan has experienced a prolonged period of …

expectations using asset price data for Japan over the 1980s and 1990s …

predictor for housing bubbles in the future …