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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece …
Persistent link: https://www.econbiz.de/10012171656
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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 …
Persistent link: https://www.econbiz.de/10010505168
revitalization for answers. Paul Krugman, Nobel laureate in Economics, once said that Japan was a "full-dress rehearsal for the … current crisis." Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm … recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. Japan's Great …
Persistent link: https://www.econbiz.de/10011284987
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The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …
Persistent link: https://www.econbiz.de/10009743745
This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
Persistent link: https://www.econbiz.de/10010242870
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After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged … is only now emerging. Japan's malaise, marked by recession or weak economic activity, commodity and asset price deflation … industrial world since the 1930s. In Japan's Great Stagnation, experts on the Japanese economy consider key questions about the …
Persistent link: https://www.econbiz.de/10003189626