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As Japan's decade-long economic stagnation continues, there has
been much analysis of the immediate macroeconomic problems that
confront the Japanese economy. This book looks past the short-run
challenges to the future of Japan and highlights the intermediate
and longer-term issues that country faces.
In this, the first book-length academic treatment of this important
issue, a team of notable contributors present nine papers, offering
a comprehensive assessment of those economic difficulties and
addressing a range of specific issues, from financial restructuring
and the impact of the aging Japanese population to corporate
behavior, public lending, employment practices, and innovative
capacity. In each paper, contributors clearly identify and outline
problems and concerns, carefully pose provocative questions, and in
many instances present concrete suggestions for improvement.
The resulting volume is a timely and important examination of
critical issues for Japan's stalling economy, packed with both
telling data and expert analysis and offering valuable perspectives
on Japan's current obstacles.
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