How Long to Read Japan's Financial Crisis and Its Parallels to U.S. Experience

How Long Does it Take to Read Japan's Financial Crisis and Its Parallels to U.S. Experience?

It takes the average reader 4 hours and 22 minutes to read Japan's Financial Crisis and Its Parallels to U.S. Experience by Ryōichi Mikitani

Assuming a reading speed of 250 words per minute. Learn more

Description

Japan is only one of many industrialized economies to suffer a financial crisis in the last fifteen years, but it has suffered the most from its crisis - as measured in lost output and investment opportunities, and in the direct costs of clean-up. Comparing the response of Japanese policy in the 1990s to that of U.S. monetary and financial policy to the American Savings and Loan Crisis of the late 1980s sheds light on the reasons for this outcome. This volume was created by bringing together several leading academics from the United States and Japan - plus former senior policymakers from both countries - to discuss the challenges to Japanese financial and monetary policy in the 1990s. The papers address in turn both the monetary and financial aspects of the crisis, and the discussants bring together broad themes across the two countries' experiences. As the papers in this Special Report demonstrate, while the Japanese government's policy response to its banking crisis in the 1990s was slow in comparison to that of the United States government a decade earlier, the underlying dynamics were similar. A combination of mismanaged partial deregulation and regulatory forebearance gave rise to the crisis and allowed it to deepen, and only the closure of some banks and injection of new capital into others began the resolution. The Bank of Japan's monetary policy from the late 1980s onwards, however, was increasingly out of step with U.S. or other developed country norms. In particular, the Bank of Japan's limited response to deflation after being granted independence in 1998 stands out as a dangerous and unusual stance.

How long is Japan's Financial Crisis and Its Parallels to U.S. Experience?

Japan's Financial Crisis and Its Parallels to U.S. Experience by Ryōichi Mikitani is 256 pages long, and a total of 65,536 words.

This makes it 86% the length of the average book. It also has 80% more words than the average book.

How Long Does it Take to Read Japan's Financial Crisis and Its Parallels to U.S. Experience Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 58 minutes to read Japan's Financial Crisis and Its Parallels to U.S. Experience aloud.

What Reading Level is Japan's Financial Crisis and Its Parallels to U.S. Experience?

Japan's Financial Crisis and Its Parallels to U.S. Experience is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Japan's Financial Crisis and Its Parallels to U.S. Experience?

Japan's Financial Crisis and Its Parallels to U.S. Experience by Ryōichi Mikitani is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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