Japan: Economic and Policy Developments
October 12, 1999
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This paper provides a brief overview of the causes of the poor economic performance of Japan in the 1990s, and a more detailed analysis of developments in the real sector during 1999. The paper highlights that the collapse of the asset price bubble in 1990–91 provided the trigger for the downturn in 1992, and compounded the economic problems thereafter through its effects on the banking system. This paper also analyzes the fiscal policy developments and the monetary developments in Japan.
Subject: Banking, Budget planning and preparation, Expenditure, Financial institutions, Loans, National accounts, Private consumption, Public financial management (PFM), Revenue administration
Keywords: Asia and Pacific, asset price collapse, BOJ bill, BOJ measure, Budget planning and preparation, business investment, consumption, CR, fiscal policy, foreign exchange, Global, government bond, investment, ISCR, loan, Loans, North America, price, Private consumption
Pages:
109
Volume:
1999
DOI:
Issue:
114
Series:
Country Report No. 1999/114
Stock No:
1JPNEA0031999
ISBN:
9781451820584
ISSN:
1934-7685
