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The Japanese economy has been stagnant since the 1990s. It was originally referred to as the Lost Decade, but the stagnation has stretched much longer
The Japanese economy has been stagnant since the 1990s. It was originally referred to as the Lost Decade, but the stagnation has stretched much longer than a decade. Analyze the causes of the slow increases in Japanese GDP. Include in your paper:
- An analysis of the monetary policy approach the Bank of Japan took to the recovery
- An analysis of the fiscal policy approach the Bank of Japan took to the recovery
- An analysis of how the attempts to influence GDP in the short run negatively affect GDP in the long-run
- A discussion of the role convergence (identify absolute or conditional) played in Japan's previous economic growth
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