Debt Money System is Design Failure–Lessons of Japan’s Lost 30 Years

Kaoru Yamaguchi () and Yokei Yamaguchi ()
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Kaoru Yamaguchi: Japan Futures Research Center
Yokei Yamaguchi: Japan Futures Research Center

Chapter Chapter 4 in Public Money, 2024, pp 61-99 from Springer

Abstract: Abstract What causes economic bubbles? Are they inevitable features of capitalist system? How did a country that was once considered as “Number One” fall into economic stagnation for 30 years? The causes of Japan’s prolonged stagnation since the burst of the bubble in the early 1990s have been the subjects of many economists.

Date: 2024
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DOI: 10.1007/978-981-97-6564-5_4

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