"Its analysis is convincing, and its policy recommendations are, in general, sensible. I strongly recommend it to economists and policymakers alike. I hope that Japanese policymakers have the wisdom to heed his advice."(-Charles Yuji Horioka, Osaka University and National Bureau of Economic Research, Journal of Economic Literature (December 1999).) -- (-Charles Yuji Horioka, Osaka University and National Bureau of Economic Research -
"Japan's persistent stagnation is among the most important problems confronting the world economy today, and Adam Posen's treatment of it is the best I have seen. His analysis is right on the mark, and his policy porposals bear attention at the highest l evel of the Japanese government." -- Benjamin Friedman, Harvard University
"Mr. Posen recommends an excellent program for 1998. And his ideas mostly still remain an excellent program for 2001." -- Robert H. Aten, Society of Government Economists Bulletin (2001)
"The . . .analysis and proposals are very interesting, useful, and timely..." -- Isamu Miyazaki, Special Advisor of the Daiwa Institute of Research and former Minister of Economic Planning Agency, Japan
From the Publisher
This timely report by the Institute for International Economics has received worldwide coverage in leading newspapers and magazines, including The Economist, The Financial Times, The New York Times, The Washington Post, Business Week, Asahi Shimbun and others. The author launched his book at the Central Bank of Japan in mid-September. While it is hoped that that the book will be read at the highest echelons of Japan's government in an attempt to reverse the country's economic downslide, it is also accessible to others with an interest in the country's economy.