Japan's Lost Decade: Policies for Economic RevivalMr.Tim Callen, Jonathan David Ostry Japan’s weak economic performance in the 1990s has had implications not only for its own people, but for the world economy more generally, given Japan’s importance as a trading partner and supplier of capital. Therefore, it is essential that Japan unlock its growth potential. The IMF has worked with the Japanese authorities to identify the policies needed to bring Japan’s economy out of its recent slump. This book contributes to this ongoing debate, whose major topics include the need for an integrated policy strategy based on the decisive restructuring of the banking and corporate sectors, combined with macroeconomic policies designed to bring an end to deflation. |
Contents
ADDRESSING FINANCIAL SECTOR WEAKNESSES | 8 |
Banks and Credit in Japan | 43 |
The Resolution and Collection Corporation and the Market | 65 |
Copyright | |
6 other sections not shown
Other editions - View all
Japan's Lost Decade: Policies for Economic Revival Mr.Tim Callen,Mr.Jonathan David Ostry Limited preview - 2003 |
Common terms and phrases
0.0 percent aggregate asset price balance sheets bank credit growth Bank of Japan base money benefits borrowers capital chapter coefficient consumption core inflation corporate decline deflation demographic deviation from baseline Economic effects exchange rate Figure firms fiscal policy government spending Hong Kong SAR IMF staff estimates impact implications income increase inflation target International Monetary Fund interventions investment Japanese banks labor losses macroeconomic major banks monetary policy MULTIMOD nominal interest rates nonperforming NPLs OECD output gap pension Percent deviation percent of GDP percentage points policy rule population aging potential price level productivity growth Province of China rate of inflation ratio Real GDP real interest rates reduce reforms regional banks relative restructuring role shock short-term significant simulations social security Source statistics structural Table Taiwan Province target rate tion transmission mechanism trillion U.S. dollar variables yen-dollar market yen-dollar rate zero
References to this book
Accelerating Japan's Economic Growth: Resolving Japan's Growth Controversy No preview available - 2008 |