This volume explores the origins of Japan's current economic crisis and assesses the country's prospects for recovery. An exploration of the origins and consequences of Japan's current economic crisis. Examines the collapse of the equity and real estate market bubbles in the late 1980s. Analyses the failure of Japanese monetary and fiscal policies to reverse the ensuing economic decline. Evaluates unorthodox options available to policy makers that might enable Japan to recover from its 'lost decade'. Suggests that Japan's prospects for economic recovery are still uncertain.
Snazzy title -- papers from a 2004 Symposium (meaning the papers were written in 2003 or prior. Dated. Some interesting comments on monetization of debt -- as antidote to deflationary spiral --; but that one paragraph doesn't justify the time or money.