TITLE

The Japanese Economy in Balance Sheet Recession

AUTHOR(S)
Koo, Richard C.
PUB. DATE
April 2001
SOURCE
Business Economics;Apr2001, Vol. 36 Issue 2, p15
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Many observers both inside and outside Japan have argued that traditional economic policies have failed to revive the Japanese economy because it is suffering from structural problems. They also argue that without structural reform there will be no future for Japan. Although many structural issues undoubtedly need to be resolved, it is difficult to blame them entirely for the poor performance of the Japanese economy in the 1990s. This is because most structural problems date back for decades and so cannot explain why an economy that was so powerful until the very end of the 1980s suddenly lost its forward momentum from the 1990s onwards.
ACCESSION #
4549038

 

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