Japan's Policy Trap

Japan's Policy Trap

Dollars, Deflation, and the Crisis of Japanese Finance

by Akio Mikuni, R. Taggart Murphy

294 pages· 2002· ISBN 9780815702221
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About
Until quite recently, the Japanese inspired a kind of puzzled awe. They had pulled themselves together from the ruin of war, built at breakneck speed a formidable array of export champions, and emerged as the world's number-two economy and largest net creditor nation. But today only the puzzlement remains. This book offers a provocative new analysis of the country's protracted economic stagnation.

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