Books

Japan's Lost Decade: Policies for Economic Revival

Author/Editor:

Tim Callen ; Jonathan David Ostry

Publication Date:

February 13, 2003

Summary:

Japan’s weak economic performance in the 1990s has had implications not only for its own people, but for the world economy more generally, given Japan’s importance as a trading partner and supplier of capital. Therefore, it is essential that Japan unlock its growth potential. The IMF has worked with the Japanese authorities to identify the policies needed to bring Japan’s economy out of its recent slump. This book contributes to this ongoing debate, whose major topics include the need for an integrated policy strategy based on the decisive restructuring of the banking and corporate sectors, combined with macroeconomic policies designed to bring an end to deflation.

Series:

Books

Subject:

Aging Bank credit Banking Financial institutions Inflation targeting Loans Monetary policy Money Nonperforming loans Pensions Population and demographics