Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to describe long-term stagnation and deflation. Symptoms include...

The recent sluggishness in Korea's tax revenue is directly affected by the slow growth in key tax sources resulting from the weakening of nominal GDP growth, but it can be said that Korea's tax revenue performance compared to sources has been fairly good.ｏA downturn in nominal GDP growth...