| 书目名称 | Japan’s Lost Decade | | 副标题 | Lessons for Asian Ec | | 编辑 | Naoyuki Yoshino,Farhad Taghizadeh-Hesary | | 视频video | | | 概述 | Offers a reader-friendly treatment of the topic in both theory and empirical analysis.Helps researchers and graduate students and those who have an interest in the Japanese economy, Asian economies, a | | 丛书名称 | ADB Institute Series on Development Economics | | 图书封面 |  | | 描述 | .This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recess | | 出版日期 | Book 2017 | | 关键词 | Aging population; Japanese economy; Lost decade; Vertical IS Curve; bubble economy | | 版次 | 1 | | doi | https://doi.org/10.1007/978-981-10-5021-3 | | isbn_softcover | 978-981-13-5294-2 | | isbn_ebook | 978-981-10-5021-3Series ISSN 2363-9032 Series E-ISSN 2363-9040 | | issn_series | 2363-9032 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapor |
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发表于 2025-3-21 19:16:43
