>>14903141Japan's Bubble, Deflation, and Long-term Stagnation
by Koichi Hamada, Anil K. Kashyap (Editor), David E. Weinstein (Editor), Kazumasa Iwata (Foreword)
Japan's economic bubble burst in the early 1990s, and the country entered its famous
"lost decade"--a period of stagnation and economic disruption that persisted until 2003.
The current declines in global equity and real estate markets have eerie parallels to Japan's
economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices.
This was Beta Test for US Anglo Empire using US Dollar. Japan never recovered enough to sell bonds or raise interest rates. Book was written before 2008 Financial Crisis. Japan Beta Tested Quantitative Easing (QE, Operation Twist, RePo Purchases by Central Bank)
