Japan's Lost Decade

This volume explores the origins of Japan’s current economic crisis and assesses the country’s prospects for recovery.

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• An exploration of the origins and consequences of Japan’s current economic crisis.
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• Examines the collapse of the equity and real estate market bubbles in the late 1980s.
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• Analyses the failure of Japanese monetary and fiscal policies to reverse the ensuing economic decline.
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• Evaluates unorthodox options available to policy makers that might enable Japan to recover from its ‘lost decade’.
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• Suggests that Japan’s prospects for economic recovery are still uncertain.