identified as deflation, sometimes as a liquidity trap, the new concern is that the U.S. economy will become like Japan?s. After … dramatically in the United States. Japan has had deflation since the mid 1990s: by October 2002 the Japanese wholesale price index … deflation, but it has relatively low inflation ? at least before the most recent statistics for October. Japan has slow growth …

deflation in the U.S. Articles have appeared in a wide range of respected business publications... What is extraordinary about … inflation is always a monetary phenomenon. Similarly, sustained deflation is also a monetary phenomenon. The Great Depression is …, significant deflation is simply not in the cards. …

degree of uncertainty associated with potential output in an environment of prolonged stagnation and deflation. Consequently … declines in Japanese inflation expectations. Policies undertaken by the Bank of Japan during this period did little to …

Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross …-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I … cause Japan's Great Recession? In fact, Japan's recession of 1990-94 was mild, and only a combination of policy mistakes …

Japan did not achieve its previously agreed to numerical targets on the market share of U.S. imports of microchips to Japan … in 1992. Combined with a steadily deteriorating current account balance with Japan, this has led the Administration to …

, I argued (i) that it has been overly restrictive for almost a decade, (ii) that the Bank of Japan?s policy changes of … recession and calls for additional stimulus from the Bank of Japan (BOJ) have become more prominent. In the current paper …