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Why Did Japan Stumble?
Causes and Cures

Edited by Craig Freedman, Director, Centre for Japanese Economic Studies, Macquarie University, Australia
1999 256 pp Hardback 978 1 85898 834 4 £74.00 on-line discount £66.60

‘. . . interesting, informative, and worthwhile reading. This reviewer recommends the book for anyone interested in understanding what happened to Japan in the 1990s.’
– Thomas F. Cargill, Journal of Economic Literature

‘. . . the publication of Why Did Japan Stumble? . . . is very welcome. In a single location, the reader can sample a wide variety of conflicting explanations, some of them by very influential Japanese thinkers. . . . Those interested in the state of debate among top rank participants would do well to include this book on their reading list.’
– Richard Katz, Journal of Japanese Studies

In this ground-breaking book, leading commentators on the Japanese economy analyse both the immediate and deep-seated causes that make a sustained economic recovery in Japan problematic. They debate the deep-rooted structural causes of Japan’s decline and assess Japan’s faltering financial system before prescribing policies to abate the continuing crisis.

Contents: 1. The Catatonic Economy Part I: Future Directions 2. Why do I Expect Japan to Collapse? 3. Declining Population, the Size of the Government and the Burden of Public Debt: Some Economic Policy Issues in Japan 4. Japan’s Business Culture and Society Part II: Current Problems 5. Why has the Japanese Economy been Stumbling for so Long? 6. Empirical Determinants of Banking Crises: Japan’s Experience in International Perspective 7. Crisis? What Crisis? The Policy Response to Japan’s Banking Crisis Index Contributors: J. Corbett, P. Drysdale, C. Freedman, M. Hutchison, T. Ito, R. Komiya, R. Madrassy, E. Mauskopf, K. McDill, M. Morishima, M. Okabe, H. Patrick, K. Sheridan, M. Yoshitomi


In Association with the Centre for Japanese Economic Studies, Macquarie University, Australia


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