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Japanese Economy in 2007-2010
[Japonská ekonomika v letech 2007-2010]

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  • Zuzana Stuchlíková

Abstract

This article focuses on the Japanese economy and its development in 2007-2010. It pays special attention to the deep economic crisis in 2008-2009 (the biggest economic slump in Japan after World War II). Factors of this crisis were mostly external (strong decline in Japanese exports and foreign inward investment due to the falling external demand, instability and strong uncertainty in the world economy during the financial crisis in the USA and other developed countries). Nevertheless, the economic slump in Japan was fuelled by low domestic demand and investment as well. The aim of this study is to remind of and analyse the most important trends, achievements and problems of the Japanese economy in 2007-2010. It focuses especially on the economic crisis in 2008-2009, development of Japanese external trade during the crisis and the governmental countermeasures, both fiscal and monetary. The study outlines the development of the Japanese economy both before and after the crisis.

Suggested Citation

  • Zuzana Stuchlíková, 2013. "Japanese Economy in 2007-2010 [Japonská ekonomika v letech 2007-2010]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2013(2), pages 55-68.
    • Handle: RePEc:prg:jnlaop:v:2013:y:2013:i:2:id:399:p:55-68
    DOI: 10.18267/j.aop.399
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    References listed on IDEAS

    as
    1. Uwe Vollmer & Ralf Bebenroth, 2012. "The Financial Crisis in Japan: Causes and Policy Reactions by the Bank of Japan," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 9(1), pages 51-77, April.
    2. Alain P. Chaboud & Joseph E. Gagnon, 2007. "What can the data tell us about carry trades in Japanese yen?," International Finance Discussion Papers 899, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Japan; recession; crisis; expansion; reforms; economic policy;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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