Quarterly Journal of Austrian Economics
Deflation and Japan Revisited
Volume 8, No. 1 (Spring 2005)
This paper proceeds by explaining deflation and aggregate price determination in more detail. Then, some facts about the development of Japan, 1990–2001, are provided, together with an extensive interpretation. This is followed by a closer examination of the official Japanese interpretation, contrasting it with my own views. Finally, some concluding remarks are offered.
Cite This Article
Johnsson, Richard C. B. "Deflation and Japan Revisited." The Quarterly Journal of Austrian Economics 8, No. 1 (Spring 2005): 15–29.