Japan’s Problem in the New Millennium

  • Rameshwar Tandon


Looking towards the new century from the vantage point of 2002, handling the repercussions of the collapse of the bubble economy of Japan is indeed a serious problem. The downslide started in 1989, but stagflation, affecting the economy for the last several years, has turned into the most serious recession in an industrial country since the 1990s. To the problems posed by the duration and severity of this crisis should be added the continued ineffectiveness of several fiscal injections, along with liberal monetary policies.


Interest Rate Monetary Policy Discount Rate Asset Price Regional Bank 
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© Rameshwar Tandon 2005

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  • Rameshwar Tandon

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