English, Article, Journal or magazine article edition: The Causes of Japan's 'Lost Decade': The Role of Household Consumption Charles Yuji Horioka

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Bookmark: http://trove.nla.gov.au/version/106849
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Causes of Japan's 'Lost Decade': The Role of Household Consumption
Author
  • Charles Yuji Horioka
Physical Description
  • preprint
Notes
  • RePEc:nbr:nberwo:12142
  • In this paper, I analyze the causes of the prolonged slowdown of the Japanese economy in the 1990s and find that the stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in household wealth, and increased uncertainty about the future are among the contributing factors. Finally, I consider whether demand side factors or supply side factors were more important as causes of the prolonged slowdown of the Japanese economy in the 1990s and conclude that the former (especially misguided government policies) were probably more important.
  • RePEc:dpr:wpaper:0661
Language
  • English
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