Kuroda, Sachiko; Yamamoto, Isamu - In: Asian Economic Policy Review 9 (2014) 1, pp. 143-158
type="main" <p>By using both macro- and micro-level data, this paper investigates how wages and prices evolved during Japan's lost two decades. We find that downward nominal wage rigidity was present in Japan until the late 1990s, but disappeared after 1998 as annual wages became downwardly...</p>
