The Japanese Economy in Balance Sheet Recession

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 u...

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Bibliographic Details
Published in:Business economics (Cleveland, Ohio) Ohio), 2001-04, Vol.36 (2), p.15-15
Main Author: Koo, Richard C
Format: Article
Language:English
Subjects:
Analysis
Balance sheets
Borrowing
Central banks
Consumption
Debt management
Deflation
Economic policy
Economic reform
Evaluation
GDP
Great Depression
Gross Domestic Product
Households
Inflation
Inflation rates
Interest rates
Investments
Monetary policy
Recessions
Saving and investment
Savings
Structural adjustment
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Summary: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.
ISSN:0007-666X
1554-432X