Fiscal Responses and Future Challenges
Edited by John Wanna, Evert A. Lindquist and Jouke de Vries
Chapter 5: Budgeting in Japan after the global financial crisis: postponing decisions on crucial issues
5. Budgeting in Japan after the global financial crisis: postponing decisions on crucial issues Masahiro Horie THE 2008 LEHMAN SHOCK IN JAPAN The American subprime loan crisis that emerged in 2007–08 was seen by most Japanese people as a ‘fire on...
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