Japan`s Financial Crisis and Its Parallels to U.S. Experience

US and Japanese economists analyze the cause and impact of the Japanese financial crisis of the 1990s and compare it with the financial crisis in the US from the middle 1980s to the early 1990s. They argue that while the Japanese government's policy response to the crisis was slow compared to that of the US government, the underlying dynamics were the same. Annotation c. Book News, Inc., Portland, OR (booknews.com)