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Japan's economic performance since the early 1990s has been disappointing, both in relation to its own history and relative to the record of other major industrial countries. Real GDP growth has averaged 1 percent over the past 10 years, well below that in other OECD countries, and only one-fourth of the 4 percent annual avergae growth rate recorded in Japan in the 1980s. Japan, moreover, experienced three recessions in the past decade, in contrast to the trend in other industrial countries toward milder and less frequent downturns in the postwar period. Meanwhile, nominal GDP in 2001 was approximately the same as in (1995), as moderate deflation has become entrenched. This poor economic performance has led some commentators to call the 1990s Japan's "lost decade."
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Previews available in: English
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1
Japan's Lost Decade: Policies for Economic Revival
2003, International Monetary Fund
in English
1463993994 9781463993993
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2
Japan's Lost Decade: Policies for Economic Revival
December 2003, International Monetary Fund
Paperback
in English
158906187X 9781589061873
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3
Japan's Lost Decade: Policies for Economic Revival
2003, International Monetary Fund
in English
1463909365 9781463909369
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Book Details
First Sentence
"The Japanese financial system remains a source of concern."
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