Despite Japan’s prominence in global finance and trade through the 1980s its global role has appeared to diminish with … its recent stagnation and the rise of China. This paper reviews the claimed sources of Japan’s stagnation, including …

This paper asks two questions. First, can we explain Japan's ongoing financial crisis by means of an institutional … develop an interpretation of Japan's postwar history and particularly the evolution of its financial institutions that we … believe fits Minsky's institutional analysis. We begin by identifying three broad periods in Japan's postwar economic history …

exhibit or logo; instead, it takes its place chronologically back in the succession of exhibits. Why does one of Japan's, and …