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 …

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 …

In reviewing what happened in the 1980s in Japan and how the bursting of the bubble created problems in the early 1990s … difficult and inappropriate to raise the interest rate sharply when inflation is low (below one per cent like in Japan), even … 1988 in Japan, when the Federal Reserve and Bundesbank raised interest rates. This would have slowed down the rise of stock …