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