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Naohiro Ogawa, Andrew Mason, Maliki ., Rikiya Matsukura and Kazuro Nemoto

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Andrew Mason, Naohiro Ogawa, Amontheo Chawla and Rikiya Matsukura

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Economic Stagnation in Japan

Exploring the Causes and Remedies of Japanization

Edited by Dongchul Cho, Takatoshi Ito and Andrew Mason

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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Preface

Exploring the Causes and Remedies of Japanization

Edited by Dongchul Cho, Takatoshi Ito and Andrew Mason

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Abbreviations and acronyms

Exploring the Causes and Remedies of Japanization

Edited by Dongchul Cho, Takatoshi Ito and Andrew Mason

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Introduction and overview

Exploring the Causes and Remedies of Japanization

Dongchul Cho, Takatoshi Ito and Andrew Mason

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Robert Clark, Andrew Mason and Naohiro Ogawa

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Edited by Maurice Obstfeld, Dongchul Cho and Andrew Mason

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Edited by Maurice Obstfeld, Dongchul Cho and Andrew Mason

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Edited by Maurice Obstfeld, Dongchul Cho and Andrew Mason