Intro -- Contents -- Preface -- 1 Overview -- I. Explaining the 1990s -- 2 The Morning After: Explaining the Slowdown in Japanese Growth -- 3 Identifying the Shocks: Japan's Economic Performance in the 1990s -- 4 Explaining the Slump in Japanese Business Investment -- 5 Where Are We Going? The...

What caused Asia's largest economy, once the envy of the world, to lag behind many of the other industrial countries? And why did it take so long for Japan to recover from the bursting of its asset price bubble of the late 1980s? In this volume, a team from the International Monetary Fund...