Insights from Japan's “Lost Decade”

Michael Heng Siam-Heng
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Michael Heng Siam-Heng: East Asian Institute, National University of Singapore, Singapore

Chapter 4 in The Great Recession:History, Ideology, Hubris and Nemesis, 2010, pp 77-123 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionBrilliance before BubbleBackground to the “Lost Decade”Two Approaches to Get Japan Out of RecessionThe Liquidity TrapVarious Explanations of Japanese WoesAgeing PopulationToo Slow in Cleaning Up Its BanksHaphazard PoliciesOvervalued Japanese YenWeak Domestic DemandOver-RegulationOutdated Business ModelsShift to Low Productivity SectorChanged Business EnvironmentBalance Sheet RecessionBack to BasicsThe Relevance of GlobalizationLearning from Japan's TravailsWider Societal Problems and Cultural-Intellectual ChallengesFall of LDP and Rise of DPJConclusionEndnotes

Keywords: Financial Crisis; Economic Recession; Global Economy (search for similar items in EconPapers)
Date: 2010
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