Bigsten, Arne2006-12-152007-02-092007-02-092004http://hdl.handle.net/2077/2796Since the beginning of the 1990s Japan has experienced economic stagnation. This paper discusses its causes and the prospects for recovery. It considers both the macroeconomic problems and the viability of the Japanese economic model itself. The potential roles of fiscal, monetary, exchange rate, and structural policies are discussed.18 pages143749 bytesapplication/pdfsv-SEJapanese economic model; macroeconomic imbalance; liquidity trapeconomic policyReportEconomics