HBSP (USA)
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Japan: Deficits, Deflation and Debt
Vietor, Richard H.K.; Sheldahl-Thomason, HavilandCase HBS-718063-EEconomicsIn April 2018, Prime Minister Shinzo Abe was again in Washington to petition Donald Trump. After years of rapid, export-led growth, Japan had slumped into recession in 1991 and never really recovered. For the past 27 years, it's economy has grown at 1.1% annually, plagued by deflation. After several attempts at quantitative easing, Abe had commenced a radical program in 2012 called Quantitative and Qualitative Easing - the first of "three arrows"...Starting at €8.20