Japan's Lost Decade: Origins, Consequences and Prospects for Recovery

Gary Saxonhouse (Editor), Robert Stern (Editor)

ISBN: 978-1-4051-1917-7

Paperback

132 pages

March 2004, Wiley-Blackwell

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1. The Bubble and the Lost Decade: Gary R. Saxonhouse and Robert M. Stern (both University of Michigan).

2. Retrospective on the Bubble Period and its Relationship to Developments in the 1990s: Takatoshi Ito (University of Tokyo).

3. Why Does the Problem Persist? ‘Rational Rigidity’ and the Plight of Japanese Banks: Kiyohiko G. Nishimura (University of Tokyo) and Yuko Kawamoto (McKinsey & Company, Japan).

4. Japan’s Fiscal Policies in the 1990s: Toshihiro Ihori (University of Tokyo), Toru Nakazato (Sophia University, Tokyo), and Masumi Kawade (University of Tokyo).

5. Japan’s Negative Risk Premium in Interest Rates: The Liquidity Trap and the Fall in Bank Lending: Rishi Goyal (International Monetary Fund) and Ronald McKinnon (Stanford University).

6. Japan’s Lost Decade and its Financial System: Mitsuhiro Fukao (Keio University, Tokyo).

Index.