MACMILLAN Japan's Great Stagnation and Abenomics: Lessons for the World

Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. In this book, economist Masazumi Wakatabe explains how Japan's economic revitalization can be used to help us understand the goings on amid the Great Recession. Japan's Great Stagnation and Abenomics reveals the striking similarities of economic events and policies between the Great Stagnation and the current Great Recession. It also suggests possible dangers ahead and way-outs in the future. This exciting new volume is based on Wakatabe's expertise in economic history and the history of economic ideas and argues that any policy decision is related to cultural ideology. An investigation into the relationship between cultural ideology and policy, this book helps us better understand the policy-making process in context.