Japan's Lost Generation

I am planning on doing a paper on Japan’s lost decade. Can anybody recommend me how to approach this subject, and provide me with some good, reputable sources I could use? Thank you in advance for your help.

  • Chris

Which lost generation? After WWII or during the 1990’s?

I know good Japanese historians off hand,

W.G. Beasley is very good, Marius Jansen is great.

Marius Jansen’s The Making of Modern Japan really helped me with the Showa period during WWII

If you’re looking at the 1990’s, I don’t have sources but did soe work way back in college. Might be worthwhile to check out the effects of the keiretsu, a sort of business-model in Japan that was basically inbred conglomeration.

Thanks for your responses so far guys. I’m talking about the one in the 1990s - any sources are greatly appreciated I am struggling to find anything useful and in depth.

Bearing in mind that this was a paper I worked on approximately 6 years ago… Unfortunately, I was not able to find a copy of the paper (it’s probably somewhere back on my dad’s old Desktop PC), but fishing through my old e-mails I was able to find a list of sources that I would’ve used back then:

Bank of Japan steps in to sort out banks’ mess.

The Banker v. 151 no902 (Apr. 2001) p. 6-10 Journal Code: Banker
Additional Info: United Kingdom

closer to disaster

Author: Rowley, Anthony Source: Banker v148n869, (Jul 1998): p.100-103 (Length: 4 pages) ISSN: 0005-5395 Number: 01663668 Copyright: Copyright Banker Ltd 1998

And then there were 19: collapse of Hokkaido Takushoko Bank and 's continued bailout policy

The Economist v. 345 (Nov. 22 '97) p. 87-8 Journal Code: Economist
Additional Info: United Kingdom

's horror show

Author: , Clay Source: Fortune 146, no. 11 (Nov 25, 2002): p. 127-128 ISSN: 0015-8259 Number: 238726441 Copyright: Copyright Time Incorporated Nov 25, 2002

How did it get into this mess?

The Economist v. 363 (Apr. 20 2002) p. survey5-6 Journal Code: Economist
Additional Info: United Kingdom

The great recession: lessons for macroeconomic policy from .

Author: Kuttner, Kenneth N.; Posen, Adam S. Source: Brookings Papers on Economic Activity no2 (2001) p. 93-185 ISSN: 0007-2303 Number: BSSI02100029 Copyright: The magazine publisher is the copyright holder of this article and it is reproduced with permission. Further reproduction of this article in violation of the copyright is prohibited. To contact the publisher: http://www.brookings.edu/.

Shareholding in the keiretsu, 's financial groups

The Review of Economics and Statistics v. 75 (May '93) p. 249-57 Journal Code: Rev Econ Stat
Additional Info:

Competing with Japanese banks.

Banking Journal v. 82 (Sept. '90) p. 39-42 Journal Code: ABA Bank J

http://www.fdic.gov/bank/analytical/banking/1998summ/japan.pdf

Make-believe and 's banks: big changes lie ahead for the industry.

Barron’s National Business and Financial Weekly v. 71 (Apr. 22 '91) p. 15-16 Journal Code: Barrons Nat Bus Financ Wkly

Additionally, here is a preliminary outline that I followed. It was a group project, but if I remember correctly, I did most of the work :slight_smile:

The banking system in in the 1980s and 1990s

Regulations, differences between US/Japan.

Policies/practices

Structure of the banking system

Keiretsu

History of Keiretsu, include Zaibatsu, post-war

Development of Keiretsu (embedded in society?)

Government policy contributions to the Crisis

Bankruptcy and Anti-trust laws

Business policies, accounting standards

Economic Contributions

Real estate devaluation

Nikkei 225 bust, bubble collapse

Slowing Economic growth, declining credit ratings

Large companies default, bankruptcy

Dependence on banks, not capital

Conclusion:

How the Keiretsu played an integral role in the Japanese banking crisis.

LESSONS FROM JAPAN’S PROLONGED RECESSION
http://tampub.uta.fi/econet/wp44-2005.pdf

The english in this article is very bad. Any reason why you thought that this would be a good read for those interested in the topic?

It is written by people for whom English was not their first language.

Well, I figured it would make sense to get a Japanese perspective on Japan. YMMV.

I can tell.

So if someone from Japan asked for a reference to The Great Depression in the USA, would you link them to writings by Ben Bernanke?

What is YMMV?

way to be uncool about someone trying to help.

the state is your enemy not LibertyStudent

What? I’m seriously interested in why he linked to the article that he did. Maybe he knows the author to be a very good source of information, I don’t know. I just didn’t like what I read and asked him why he linked to it.

Your mileage may vary.

I wasn’t aware he published in Japanese.

Haha, I don’t think that he does. My point, with that question, is the author being Japanese the only reason why you linked to it? Because I certainly wouldn’t link anyone to a Ben Bernanke article on The Great Depression just because he is from the USA.

I’m sure his Japanese is not as good as this guy’s English, considering this paper was presented in Finland.

No, it is a fine article with a Japanese perspective, which is usually missing when I read up on the Japanese economy from mainstream economic sources.

I would if he wrote in Japanese.

It was a little tough for me to follow and keep interested. Thanks for the link though.

I don’t think anything that Bernanke wrote on The Great Depression would be the first thing that I would link to if anyone asked for an article on the subject, but that’s just me!

Thank you David and Liberty Student! The sources are fantastic and should help me out a lot. The outline looks good too David but I can’t plagiarize it haha but thank you though.

Best regards,

Chris

LOL it’s just an outline! Glad to help though… [:D]