The Japan System: Indestructible but Destructive

Susan Carpenter

Chapter 8 in Japan’s Nuclear Crisis, 2012, pp 199-222 from Palgrave Macmillan

Abstract: Abstract The events of 11 March 2011 are considered to be Japan’s worst disaster since the Second World War. The earthquake-tsunami and the nuclear crisis impacted severely on a deflated economy that carried a sovereign debt equaling twice the annual GDP. A review of the problems that plagued Japan’s economy since 1990 and the issues that frustrated the implementation of fiscal and monetary policies that would put the economy back on track will enable a reasonable assessment regarding the pace of Japan’s post-11 March economic recovery.

Keywords: Real Estate; Monetary Policy; Fiscal Policy; Credit Rating; Sovereign Debt (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36371-7_9

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DOI: 10.1057/9780230363717_9

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