Japan's Economic Policy: How to overcome the Lost 30 Years

Author(s)/Editor(s) Written by KOBAYASHI Keiichiro
Publisher Chuokoron-Shinsha, Inc.
ISBN 978-4-641-16621-9
Publication Date January 2024

Table of Contents

Japan is stuck in a period of secular stagnation, sometimes referred to as the lost three decades. Why did the slump continue for so long? Looking back at the Japanese economy since the bursting of the bubble economy, we will examine the debate that unfolded and the policies that were implemented from a macroeconomic perspective. The bad loan problem in the 1990s, the deflation debate in the 2000s, and the global financial crisis in the 2010s. Where did Japan go wrong? And how should we break through the predicament into which we have fallen? We need new economic policies that lead to a sustainable future.