This paper examines the role of misleading economic ideas that most likely promoted the economic disasters of the two deflationary periods in Japanese economic history. Misleading ideas deepened the depression during the interwar years, and erroneous thinking prolonged the stagnation of the...

Introduction / Koichi Hamada, Anil K Kashyap, and David E. Weinstein -- The Japanese asset price bubble : a heterogeneous approach / Robert Barsky -- Time of troubles : the yen and Japan's economy, 1985-2008 / Maurice Obstfeld -- The Japan-US exchange rate, productivity, and the competitiveness...