Japan’s Lost Decade : Lessons for Asian Economies

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Preface and Introductory Remarks; Contents; About the Editors and Contributors; Editors; Contributors; Abbreviations; 1 Japan's Lost Decade: Causes and Remedies; 1.1 Introduction; 1.2 Causes of the Long-Term Recession in Japan; Aging Population; Monetary Transfers from Central to Local Governments; Banking Behavior; Excessive Contractionary Monetary Policy; Reduced Effectiveness of Fiscal Policy; High Appreciation of the Yen in the Mid-1990s; Banking Crisis of 1998; Japan's Ineffective Monetary Policy; 1.3 Comparison of the Economic Collapse in Japan and Greece Read more... Abstract: Preface and Introductory Remarks; Contents; About the Editors and Contributors; Editors; Contributors; Abbreviations; 1 Japan's Lost Decade: Causes and Remedies; 1.1 Introduction; 1.2 Causes of the Long-Term Recession in Japan; Aging Population; Monetary Transfers from Central to Local Governments; Banking Behavior; Excessive Contractionary Monetary Policy; Reduced Effectiveness of Fiscal Policy; High Appreciation of the Yen in the Mid-1990s; Banking Crisis of 1998; Japan's Ineffective Monetary Policy; 1.3 Comparison of the Economic Collapse in Japan and Greece Front Matter ....Pages i-xix Japan’s Lost Decade: Causes and Remedies (Naoyuki Yoshino, Farhad Taghizadeh-Hesary)....Pages 1-33 Changes in Economic Effect of Infrastructure and Financing Methods: The Japanese Case (Masaki Nakahigashi, Naoyuki Yoshino)....Pages 35-57 Optimal Fiscal Policy Rule for Achieving Fiscal Sustainability: A Japanese Case Study (Naoyuki Yoshino, Tetsuro Mizoguchi, Farhad Taghizadeh-Hesary)....Pages 59-75 Macroeconomic Volatility Under High Accumulation of Government Debt: Lessons from Japan (Paul D. McNelis, Naoyuki Yoshino)....Pages 77-108 Japan’s Postwar Monetary Policies: Taylor Rules or Something Else? (James R. Rhodes, Naoyuki Yoshino)....Pages 109-116 Impact of the Fukushima Nuclear Disaster: Analysis on Japan’s Oil Consuming Sectors (Farhad Taghizadeh-Hesary, Naoyuki Yoshino, Ehsan Rasoulinezhad)....Pages 117-133 Three Arrows of “Abenomics” and the Further Remedy for the Japanese Economy (Naoyuki Yoshino, Farhad Taghizadeh-Hesary)....Pages 135-145 The Ineffectiveness of Japan’s Negative Interest Rate Policy (Naoyuki Yoshino, Farhad Taghizadeh-Hesary, Hiroaki Miyamoto)....Pages 147-168 Back Matter ....Pages 169-176