The recession ain't over 'til it's over
Article Abstract:
Japan is experiencing a severe growth recession as a result of the Bank of Japan's adoption of a stringent monetary policy at the beginning of 1990. Designed to reform the Japanese economy, and to curb inflation in the prices of assets, goods and services, the tight monetary policy has led to reductions in investment goods, real GNP, real domestic demand, industrial production, retail sales and money supply growth rates. Also expected to fall further are corporate demand for funds and bank lending growth rates. The current state of the Japanese economy is analyzed as the combination of the down-side Keynisian multiplier and the supply-side credit multiplier which results in spiraling debility. To stop the deceleration of the economy, the Bank of Japan has decided to ease the monetary policy. The government is also pursuing a new public works program.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Recovering from the Tequila hangover
Article Abstract:
The so-called 'tequilla crisis' in Mexico in 1995 is considered in terms of recovery in Latin American during 1996.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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