In this overview of the Symposium papers, we note that the bubble that occurred in Japan's asset markets in the late … 1980s came at a time when the conventional indicators of Japan's economic performance were relatively stable. Following the … collapse of the bubble, neither the Bank of Japan (BOJ) nor the Ministry of Finance (MOF) took timely and effective measures to …

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 …

expectations using asset price data for Japan over the 1980s and 1990s …