What is the driving force of the macroeconomic fluctuations in Japan over the past forty years? To answer this question …

Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost … future and they have been concerned by Japan's long-term recession. This paper will address why Japan's economy has stagnated … Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …