technique of business cycle accounting (BCA) and some new evidence from Japan. BCA technique enables us to model the economy as … Japan during the period 1980 to 2000, I find that though technology shocks play an important role in propagating market …

There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …

, the word deflation has become almost synonymous with Japan and its economic problems. In this paper, the development of … this as something possibly benign, the conventional fear of deflation on the part of the Bank of Japan came to dominate its … actions. And if it is true that falling prices are a benign response to the changes that actually occurred in Japan at the …

a consequence of a perceived breakdown of that social contract precipitated by Japan's prolonged recession of the 1990s …

Japan and the Nordic countries similarly experienced a serious collapse of the Bubble economy in the early 1990s, but … the financial recovery of the former is extremely delayed compared with the latter. In Japan, the Ministry of Finance is …. This theory seems to be strongly supported by the evidence of Japan and Sweden. …

The substantial institutional and organisational changes in Japan that followed the Meiji Restoration of 1868 have … Meiji reform process to indicate how far it might offer any lessons for institutional and organisational reform in Japan at … debates in Japan financial institutions, business enterprise and the labour market suggests that in all three cases the …