Can Japan afford to grow?

Ryo Watabe

It can be argued that Japan provides a template for the successful management of an economy experiencing long-term deflation. During the two so-called ‘lost decades’ since the early 1990s, the standard of living of the average Japanese household has been maintained, and even increased somewhat. The other side of the coin, however, has been the deprivation of government finances. The Japanese government simply gave away what it collected by issuing bonds to finance the deficit. However, if and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: