Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …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 …

through fiscal policy or by running a persistent trade surplus. -- Japan ; growth ; stagnation ; liquidity trap ; public debt … period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow population growth account for the stagnation of the 1990s. This …

Two kinds of view about the recent stagnation of the Japanese economy have been particularly popular. The first adopts … a 'monetary' perspective, arguing that Japan has fallen into a liquidity trap from which only unconventional monetary … policy can save it. The second maintains that a large part of Japan's macroeconomic difficulties is structural and related to …

industrial world since the 1930s. In Japan's Great Stagnation, experts on the Japanese economy consider key questions about the …After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged … abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it …