{"product_id":"9780199241729","title":"Japan's New Economy","description":"Japan's economy stumbled in the 1990s. After four decades of rapid growth that transformed Japan into a wealthy country at the world's technological frontier, the last decade brought prolonged economic stagnation. The rapid run-up in asset prices in the late 1980s, followed by their collapse in the early 1990s, left a debt overhang that paralyzed the banking sector. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has seemed impervious to aggressive fiscal stimulus measures and is still plagued by ongoing price deflation. Japan's struggle has called into question the ability of the country's economic institutions - originally designed to support factor accumulation and rapid development - to adapt to the new economic environment of the 21st century Yet Japan's economy is already changing. Driven by an aging population, rapid technological change, and increasing global competition, the country's public and private institutions are being slowly reshaped. This volume explores the forces that will drive structural and institutional change in three areas over the next decade: the macroeconomy, the org","brand":"Magnus Blomstroem, Byron Gangnes, Sumner La Croix","offers":[{"title":"Default Title","offer_id":45744099852606,"sku":"9780199241729","price":8570.0,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9780199241729_c5f1ac2a-7347-4e4a-aa3d-6df3949b4642.jpg?v=1707223645","url":"https:\/\/exclusivebooks.co.za\/products\/9780199241729","provider":"Exclusive Books Online","version":"1.0","type":"link"}