We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Why was Japan so unsuccessful in solving the problem of deflation over the past decade - Essay Example

Comments (0) Cite this document
The problems that result from this scenario are that one, stimulus that can occur through a lowering of policy rates is curtailed, and two, prices that are falling would suggest increases in…
Download full paper
Why was Japan so unsuccessful in solving the problem of deflation over the past decade
Read TextPreview

Extract of sample
Why was Japan so unsuccessful in solving the problem of deflation over the past decade

Download file to see previous pages... On 29 December 1989, the Nikkei peaked at 38, 916 after a five year return of 237%. The rate in June of 2008 was at 14, 354 which is a startling 63% lower than the 1989 figure (Harrison 2008). According to the International Monetary Fund (2006), Japan was experiencing recovery from its previous declining position, but by 2009, the International Monetary fund showed recognition that the economic downturn of 2008 had stifled progress and the deflation was still a pervasive issue. As Shown in the graph examples in figure 1, both the real estate market and the stock market have shown steady deflationary trends since 1990.
There have been a series of attempts to remedy the problem of deflation in Japan. These attempts include fiscal expansion, reduction of interest rates, Yen depreciation, and finally a zero interest rate program followed by a quantitative expansion program (Greenwood 2010). Unfortunately, these programs have all been ineffective in providing relief from the ongoing deflationary period. Greenwood (2010) states that the lack of recovery is due to poor political and economic leadership, an unwillingness to adopt unorthodox strategies, mistakes at the technical level, and the appearance of a “balance sheet recession”.
An expansionary fiscal policy adopted by a government is marked by measures that are taken in order to create increased economic stabilization through governmental policies intended to create economic stimulus. In 1981, Yasuhiro Nakisone, Prime Minister of Japan, instituted polices that were stringent for the Japanese economy. However, by 1986, Naksone believed that these policies would require some adjustment in order to avert the looming crisis. A private advisory group headed by Bank of Japan Chairman Maekawa Haruo and commissioned by Nakisone submitted a report commonly referred to as the Maekawa Report which states that the Japanese economic policies and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Why was Japan so unsuccessful in solving the problem of deflation over Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1567190-why-was-japan-so-unsuccessful-in-solving-the-problem-of-deflation-over-the-past-decade
(Why Was Japan so Unsuccessful in Solving the Problem of Deflation over Essay)
“Why Was Japan so Unsuccessful in Solving the Problem of Deflation over Essay”, n.d. https://studentshare.org/miscellaneous/1567190-why-was-japan-so-unsuccessful-in-solving-the-problem-of-deflation-over-the-past-decade.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Problem Solving
The eight steps of the simplex process are: problem finding, fact finding, problem definition, finding ideas, selection, planning, sell idea, action (Mindtools, 2011). My first step was to identify the problem. The problem was that the house needed some fixing.
1 Pages(250 words)Essay
Analyzing Hazardous Material Transportation incidents and the attributing factors over the past decade
The regulations for the transportation of hazardous materials are very comprehensive and are designed to govern all transportation activities which involve hazardous materials. The transport activities such as packaging, shipping, inspection, testing, forwarding and brokerage of hazardous materials are regulated by the provisions within the Hazardous Materials Regulations.
3 Pages(750 words)Essay
Problem Solving
Information technology has helped businesses and organizations in decision-making processes. The management has really achieved accuracy and speed in their decision-making processes by employing workable solutions. Recently, our organization experienced a major strike due to communication breakdown.
3 Pages(750 words)Essay
Problem Solving
According to Wyrdology (2009, pg. 1), "The Law of Requisite Variety is sometimes known as Ashby's Law after William Ashby who proposed it. There are many different formulations, one of the simplest non-technical ones is: "the variety in the control system must be equal to or larger than the variety of the perturbations in order to achieve control" This simply means that a flexible system with many options is better able to cope with change.
4 Pages(1000 words)Essay
Problem solving
How a problem is solved also depends on the method adopted for its resolutions. The more structured and systematic an approach for problem solving, the better the decision made because it removes ambiguity, reduces
8 Pages(2000 words)Essay
Problem solving
The restrained perspectives dwarf the person’s creativity and analytical thinking. Heavy influences of conceptual blocking lead to inability to consider unique aspects necessary for resolution of a situation, and may result in a failure in a leadership role. This essay
2 Pages(500 words)Essay
Problem solving
Acupuncture is one of the major traditional Chinese medical practices, and it involves a myriad of techniques where particular body parts are stimulated and are aimed at treatment. According to NCCAM (2012), one of the acupuncture
1 Pages(250 words)Essay
Problem Solving
The effectiveness of the police force relies on the capability to recruit and retain quality staff. Quality police officers are
6 Pages(1500 words)Essay
Problem solving
While development and consumption of software continues to increase as technology becomes more of a business essential, organizations are finding it difficult to cope with the threat and challenge of piracy. In order for organizations to mitigate the problem,
1 Pages(250 words)Essay
Problem Solving
Consequently, the data could not demonstrate any record of the arrival of students and teachers in the school, which created great concerns of the administration and staff alike subsequent to the problem,
7 Pages(1750 words)Essay
Let us find you another Essay on topic Why was Japan so unsuccessful in solving the problem of deflation over the past decade for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us