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This book explains the causes of the 'lost decade' in the Japanese economy and the series of policy mistakes which lead to a deflationary environment. What will the future bring for the Japanese economy? Without reforms, the situation can only decline. The issue is that the institutions and policies that were used to drive the 'Japanese miracle' are still in place. The book argues that Japan's crisis is thus, a crisis of governance.
List of contents
List of Figures List of Tables Acknowledgements List of Abbreviations Japan's Problem in the New Millennium Japanese Financial Deregulation - the 1980s Deregulation and Liberalization Tribulations - the 1990s The Japanese Banking Crisis of the 1990s Big Bang Reform Programme and After Japanese Banking and Finance in the New Millennium The Internalization of the Yen in the New Millenium Conclusions Notes Bibliography Index
About the author
RAMESHWAR TANDON is Research Professor at the International Institute for Special Education, Lucknow, India. For the past several years, he worked with Professor Rao at the Institute for Social and Economic Change, Bangalore; also with Professor Kishwar Shabbir Khan at Aligarh Muslim University, Aligarh. He is author-editor of thirty books for the New World Order series in collaboration with Sir Hans Singer of IDS, Sussex and Neelambar Hatti, Lund University.
Summary
This book explains the causes of the 'lost decade' in the Japanese economy and the series of policy mistakes which lead to a deflationary environment. What will the future bring for the Japanese economy? The issue is that the institutions and policies that were used to drive the 'Japanese miracle' are still in place.
