Unmaking the Japanese Miracle: Macroeconomic Politics, 1985–2000
In recent years, Japan's economy has gone from model of success to object lesson in failure. William W. Grimes offers a richly detailed insider's view of the key macroeconomic policies and events in contemporary Japan, as well as a close examination of the causes and effects of these uphea...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Ithaca, NY
Cornell University Press
[2018]
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| Schlagworte: | |
| Online-Zugang: | FAW01 FHA01 FKE01 FLA01 UPA01 UBG01 FAB01 FCO01 URL des Erstveröffentlichers |
| Zusammenfassung: | In recent years, Japan's economy has gone from model of success to object lesson in failure. William W. Grimes offers a richly detailed insider's view of the key macroeconomic policies and events in contemporary Japan, as well as a close examination of the causes and effects of these upheavals. A new preface sets the book's findings in the context of the continuing intensification of Japan's financial woes.It is difficult to believe that the "Bubble Economy" of the late 1980s and the failed attempts at economic stimulation in the following decade both arose from the same policies. In Unmaking the Japanese Miracle, Grimes shows that this is precisely what happened. Focusing less on what went wrong than on why it went wrong, Grimes finds that mistaken macroeconomic policies—loose money in the late 1980s, excessively tight money until 1992, and only grudging use of expansionary fiscal policy until 1998—largely caused Japan's economic problems. Based on scores of interviews with Japanese policymakers, his is the first political explanation of why these catastrophic policies were carried out by the Ministry of Finance, the Bank of Japan, and the Diet. Various economic shocks were met, Grimes says, with a consistent and often inappropriate pattern of responses. This pattern has fundamentally altered because of changes within the three policymaking institutions since 1998 |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mrz 2019) |
| Beschreibung: | 1 online resource 4 tables, 7 charts |
| ISBN: | 9781501725258 |
| DOI: | 10.7591/9781501725258 |
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Datensatz im Suchindex
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| author | Grimes, William M. |
| author_facet | Grimes, William M. |
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| discipline | Wirtschaftswissenschaften |
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| era | Geschichte 1985-2000 gnd |
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| geographic_facet | Japan |
| id | DE-604.BV045924701 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:30:29Z |
| institution | BVB |
| isbn | 9781501725258 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031307138 |
| oclc_num | 1104882899 |
| open_access_boolean | |
| owner | DE-473 DE-BY-UBG DE-1046 DE-739 DE-860 DE-859 DE-Aug4 DE-1043 DE-858 |
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| physical | 1 online resource 4 tables, 7 charts |
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| publishDate | 2018 |
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| publisher | Cornell University Press |
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| spelling | Grimes, William M. Verfasser aut Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 William M. Grimes Ithaca, NY Cornell University Press [2018] © 2002 1 online resource 4 tables, 7 charts txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mrz 2019) In recent years, Japan's economy has gone from model of success to object lesson in failure. William W. Grimes offers a richly detailed insider's view of the key macroeconomic policies and events in contemporary Japan, as well as a close examination of the causes and effects of these upheavals. A new preface sets the book's findings in the context of the continuing intensification of Japan's financial woes.It is difficult to believe that the "Bubble Economy" of the late 1980s and the failed attempts at economic stimulation in the following decade both arose from the same policies. In Unmaking the Japanese Miracle, Grimes shows that this is precisely what happened. Focusing less on what went wrong than on why it went wrong, Grimes finds that mistaken macroeconomic policies—loose money in the late 1980s, excessively tight money until 1992, and only grudging use of expansionary fiscal policy until 1998—largely caused Japan's economic problems. Based on scores of interviews with Japanese policymakers, his is the first political explanation of why these catastrophic policies were carried out by the Ministry of Finance, the Bank of Japan, and the Diet. Various economic shocks were met, Grimes says, with a consistent and often inappropriate pattern of responses. This pattern has fundamentally altered because of changes within the three policymaking institutions since 1998 In English Geschichte 1985-2000 gnd rswk-swf POLITICAL SCIENCE / Political Economy bisacsh Structural adjustment (Economic policy) Japan Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Japan (DE-588)4028495-5 gnd rswk-swf Japan (DE-588)4028495-5 g Wirtschaftspolitik (DE-588)4066493-4 s Geschichte 1985-2000 z 1\p DE-604 https://doi.org/10.7591/9781501725258 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Grimes, William M. Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 POLITICAL SCIENCE / Political Economy bisacsh Structural adjustment (Economic policy) Japan Wirtschaftspolitik (DE-588)4066493-4 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4028495-5 |
| title | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 |
| title_auth | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 |
| title_exact_search | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 |
| title_full | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 William M. Grimes |
| title_fullStr | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 William M. Grimes |
| title_full_unstemmed | Unmaking the Japanese Miracle Macroeconomic Politics, 1985–2000 William M. Grimes |
| title_short | Unmaking the Japanese Miracle |
| title_sort | unmaking the japanese miracle macroeconomic politics 1985 2000 |
| title_sub | Macroeconomic Politics, 1985–2000 |
| topic | POLITICAL SCIENCE / Political Economy bisacsh Structural adjustment (Economic policy) Japan Wirtschaftspolitik (DE-588)4066493-4 gnd |
| topic_facet | POLITICAL SCIENCE / Political Economy Structural adjustment (Economic policy) Japan Wirtschaftspolitik Japan |
| url | https://doi.org/10.7591/9781501725258 |
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