Economic Stagnation in Japan

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  • Economic Stagnation in Japan Book Detail

  • Author : Dongchul Cho
  • Release Date : 2018-01-26
  • Publisher : Edward Elgar Publishing
  • Genre : Business & Economics
  • Pages : 339
  • ISBN 13 : 1788110447
  • File Size : 35,35 MB

Economic Stagnation in Japan by Dongchul Cho PDF Summary

Book Description: Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ 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 Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.

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