05820oam 22012974 450 991096297030332120250426110553.0978661284469097814623759361462375936978145275913514527591389781282844698128284469597814518742731451874278(CKB)3390000000010772(EBL)1606017(OCoLC)671571347(IMF)WPIEE2009282(MiAaPQ)EBC1606017(IMF)WPIEA2009282WPIEA2009282(EXLCZ)99339000000001077220020129d2009 uf 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrier“Lost Decade” in Translation - What Japan’s Crisis could Portend about Recovery from the Great Recession /Kiichi Tokuoka, Murtaza Syed, Kenneth Kang1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (42 p.)IMF Working PapersDescription based upon print version of record.Includes bibliographical references.Contents; I. Introduction; II. Japan's Lost Decade: From Green Shoots to Enduring Recovery; A. Background: The Three Phases of Japan's Crisis; Phase 1: 1990-97-Crisis Outbreak and Fragile Recovery; Phase 2: 1997-2000-Systemic Stress and Second Recovery Attempt; Phase 3: 2001-03-Renewed Systemic Stress Followed by Sustained Recovery; B. Revisiting Japan's Policy Responses; The Primacy of Financial and Corporate Interventions; Re-assessing the Effectiveness of Fiscal Stimulus; The Supportive Role of Credit Easing; The Art of Disengagement: Exit Strategies and Long-Term ImpactsIII. Potential Implications for Today: Recovery from the Great RecessionA. The Outlook for the Global Recovery: Views from the Lost Decade; B. The Role for Global Policies: From Stimulus to Exit; IV. Conclusion; Appendix. A Chronology of Japan's Key Policy Actions; ReferencesIs the recovery from the global financial crisis now secured? A strikingly similar crisis that stalled Japan's growth miracle two decades ago could provide some clues. This paper explores the parallels and draws potential implications for the current global outlook and policies. Japan's experiences suggest four broad lessons. First, green shoots do not guarantee a recovery, implying a need to be cautious about the outlook. Second, financial fragilities can leave an economy vulnerable to adverse shocks and should be resolved for a durable recovery. Third, well-calibrated macroeconomic stimulus can facilitate this adjustment, but carries increasing costs. And fourth, while judging the best time to exit from policy support is difficult, clear medium-term plans may help.IMF Working Papers; Working Paper ;No. 2009/282Financial crisesJapanAccountingimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfCreditimfDebt ManagementimfDebtimfDebts, PublicimfDepository InstitutionsimfDistressed assetsimfFinanceimfFinance, PublicimfFinance: GeneralimfFinancial reporting, financial statementsimfFinancial statementsimfGeneral Financial Markets: Government Policy and RegulationimfMicro Finance InstitutionsimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMortgagesimfPublic AdministrationimfPublic debtimfPublic finance & taxationimfPublic FinanceimfPublic Sector Accounting and AuditsimfSovereign DebtimfJapanEconomic policyJapanimfFinancial crisesAccountingBankingBanks and BankingBanks and bankingBanksCreditDebt ManagementDebtDebts, PublicDepository InstitutionsDistressed assetsFinanceFinance, PublicFinance: GeneralFinancial reporting, financial statementsFinancial statementsGeneral Financial Markets: Government Policy and RegulationMicro Finance InstitutionsMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMortgagesPublic AdministrationPublic debtPublic finance & taxationPublic FinancePublic Sector Accounting and AuditsSovereign Debt332.63;332.63222Tokuoka Kiichi1815653Kang Kenneth1815654Syed Murtaza1815655International Monetary Fund.DcWaIMFBOOK9910962970303321“Lost Decade” in Translation - What Japan’s Crisis could Portend about Recovery from the Great Recession4371121UNINA