Kawai, Masahiro; Morgan, Peter - Asian Development Bank Institute, Asian Development Bank - 2013
Japan’s “two lost decades” perhaps represent an extreme example of a weak recovery from a financial crisis, and are now … referred to as “Japanization.” More recently, widespread stagnation in advanced economies in the wake of the global financial … crisis led to fears that Japanization might spread to other countries. This study examines the dimensions of Japanization …