Leontyeva Elena
Deflationary Crisis in Japan. Moscow, IMEMO RAN, 2007.
Publication Type:


ISBN 978-5-9535-0125-5

In 1990-2003, Japan went through a prolonged economic stagnation and slump. Many called this situation a Great Recession, alluding to the US Great Depression of the 1930s. In both cases a deflationary crisis followed a burst of an asset bubble. The American malaise was acute, the Japanese was tempered. Origins of Japan’s slump and policy responses to it were debated worldwide in the academic press and in the media. Japan’s Great Recession was a product of errors in fiscal and monetary policy as well as of obsolescence of many national economic institutions in the global environment. To conquer the crisis, the Bank of Japan had to pursue unconventional monetary policy, and the government called out radical institutional reforms.


Keywords: economic stagnation | monetary policy | fiscal policy | crisis |

Russian Science Citation Index



OTHER PUBLICATIONS ON THIS TOPIC

Komova Anna
German Monetary and Exchange Rate Policy of the “Economic Miracle”: Growth or Stabilization

Mirkin Yakov
Нужна революция в головах [Текст] / Я.М. Миркин // Эксперт. – 2013. – № 30-31 (861). – 36 – 37.

Smyslov Dmitry
Progress Trends in the International Currency System.

Kudinova Olga
Ремиссия, рецессия, эпикриз [Текст] / О.Н. Кудинова // The Chemical Journal = Химический журнал. – 2013. – № 4. – С. 24 – 28.

Sidorova Elena
Anti-crisis programmes in Germany and Great Britain / Sidorova E.A. // World Economics. – 2010. – No 4. – 2010. – P. 29-37.

Borisov Stanislav
Платежный баланс России. М., Магистр, 2008, 398 с.

Мировой кризис и глобальные перспективы энергетических рынков. Сост. и науч. ред. С.В. Чебанов. М.: ИМЭМО РАН, 2009, 150 с.

Borisov Stanislav
Rouble – the Currency of Russia. Moscow, Konsaltbankir Publishers, 2004.

Popadko Artem
Стратегия правительства Германии по преодолению энергетического кризиса // Проблемы экономики и управления нефтегазовым комплексом. 2023. № 6 (222). С. 59-65. DOI 10.33285/1999-6942-2023-6(222)-59-65.

Mirkin Yakov
Центральный банк развития [Текст] / Я.М. Миркин // Прямые инвестиции. – 2013. – № 4. – С. 32 – 36.

Sidorova Elena
Fiscal Policy in Russia during the Crisis / Russia in International Systems: Economy, Politics, Security. Global Development, Volume 8. Ed. by Y. Kvashnin, A.Kuznetsov, N. Toganova, S. Utkin, F. Voitolovsky. Moscow, IMEMO RAN, 2012, P. 22-29.

Gutnick V.
Политика хозяйственного порядка в социальной рыночной экономике: концепции и практика реализации. М., ИМЭМО РАН, 2001, 22,75 п.л.

Gracheva Mariya
Banking Systems of Developed Countries: Problems of Digital Technologies. Moscow, Os-89 Publishers, 2003, 96 p.

Adno Yuri
Стратегия Магнитки:новый этап [Текст] / Ю.Л. Адно // Металлы Евразии. – 2013. – № 2. – С. 22 – 25.

Японский калейдоскоп. Отв. ред. д.э.н. В.Б. Рамзес. М., Восточная литература, 2006, 18,9 п.л.

Volkov Aleksei
Measures to overcome crises in Sweden

Белянова Е.В., Nikolaenko S.A.
The Economic Cycle in Russia in the Years 1998-2008: the Emergence of Internal Mechanisms for Cyclic Development or Importation of the Global Turmoil? / Belyanova E.V., Nikolaenko S.A.

Borisov Stanislav
Financial and Monetary Problems of Eurasian Integration. Moscow, IMEMO RAN, 2014, 92 p.

Borisov Stanislav
Financial and Monetary Problems of Eurasian Integration. Second Edition, enlarged and corrected. – Moscow, IMEMO, 2015. – 92 p.

Zhukova Tatiana
Финансовая стратегия модернизации Китая: от начала политики открытости до наших дней [Текст] / Т.В. Жукова // Банковские услуги. – 2015. – № 5. – С. 28 – 39.
Related publications


Comments (0)

No comments

Add comment







First news
Institute News
17/02/2025

A meeting of the Academic council of IMEMO will be held at the Academician N.N. Inozemtsev conference hall. Agenda: Report by V.D. Milovidov – “On the timing and probability of a new financial crisis. Patterns of financial conditions and the Trump factor”, nomination of candidates for the elections to the Russian Academy of Sciences for vacancies of corresponding members of RAS.

more...

14/02/2025

On February 14, 2025, the website of the Russian International Affairs Council (RIAC) published an analytical article by Alexander Pavlov “Games for Adults: on the Use of Artificial Intelligence in Military Game Simulations”.

more...

Recently Published