Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92652
Authors: 
Horioka, Charles Yuji
Year of Publication: 
2006
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 661
Abstract: 
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.
Subjects: 
Japan
Japanese Economy
Lost Decade
Stagnation
Slowdown
Recession
Deflation
Economic Fluctuations
Business Fluctuations
Business Cycles
Growth
Economic Growth
Gross Domestic Product
GDP
Investment
Capital Formation
Household
Consumption
Household Consumption
Structure of Consumption
Saving
Household Saving
Precautionary Saving
Uncertainty
Future Prospects
Demand Side Factors
Supply Side Factors
JEL: 
D12
E21
E32
O47
O53
Document Type: 
Working Paper

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