2003 Reports

Japan's struggle for economic recovery: Chapter III

On February 5, 2003, the Center on Japanese Economy and Business, together with the Weatherhead East Asian Institute of Columbia University, continued its lecture series featuring Mr. Shijuro Ogata. Mr. Ogata provided an update on the economic and political climate in Japan as the country struggles for economic recovery. His presentation addressed the delayed and inadequate policy responses by the Japanese government and its financial institutions to sustain economic growth, combat persistent deflation and implement structural reforms. He discussed the policy gridlock between Japan's conservatives and reformers, and he proposed economic policy solutions to resolve Japan's major economic problems. This report is a summary of his presentation.