Introduction and overview
Takatoshi Ito () and
Chapter 1 in Economic Stagnation in Japan, 2018, pp 1-14 from Edward Elgar Publishing
Japanâ€™s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term â€˜Japanizationâ€™ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japanâ€™s â€˜lost decadesâ€™ versus the real recovery achieved by the United States, and the lessons that can be learned.
Keywords: Asian Studies; Development Studies; Economics and Finance (search for similar items in EconPapers)
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Chapter: Introduction and overview (2016)
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