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Japan's policy trap : dollars, deflation, and the crisis of Japanese finance

Mikuni, Akio - 2002

Much is puzzling about Japan's finances today: its inability to arrest its economic decline, its festering banking …'s problems? Japan's Policy Trap offers a provocative new analysis of the country's protracted economic stagnation. Japanese … insider Akio Mikuni and long-term Japan resident R. Taggart Murphy contend that the country has landed in a policy trap that …