This volume explores the origins of Japan's current economic crisis and assesses the country's prospects for recovery.

• An exploration of the origins and consequences of Japan's current economic crisis.


• Examines the collapse of the equity and real estate market bubbles in the late 1980s.


• Analyses the failure of Japanese monetary and fiscal policies to reverse the ensuing economic decline.


• Evaluates unorthodox options available to policy makers that might enable Japan to recover from its 'lost...