What is it about?
The Japanese economy has been mired in subdued growth and deflation for more than two decades. This paper describes the key economic facts and features of Japan’s decades of stagnation.
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Why is it important?
The paper discusses why long- term Japanese government bonds’ nominal yields have stayed very low in spite of elevated government debt ratios and chronic fiscal deficits. It also provides a brief overview of Abenomics and subsequent economic developments in Japan.
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This page is a summary of: The Economics of Japan’s Stagnation, Business Economics, July 2014, Nature, DOI: 10.1057/be.2014.19.
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