Title
Balance Sheet Recession: Japan s Struggle with Uncharted Economics and its Global Implications
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
In this groundbreaking book, leading international economist, Richard Koo argues that far from being the sick man of Asia, Japan is suffering from a temporary but highly unusual economic aberration.Economists and business commentators have always assumed that the majority of companies in any economy are forward looking and are trying to maximize profits. They never considered the possibility that a vast majority of companies may be placing their highest priorities on minimizing debt in order to repair their balance sheets. But that remote possibility has been the reality in Japan for the past decade, and more recently in many other countries including at least a part of the US.Balance Sheet Recession argues that contrary to popular belief, it is this massive shift in corporate behavior, instead of structural problems, that is the root cause of both the deflation and the nonperforming loan problems that have troubled Japan for so long. It argues that when the causality runs from the corporate balance sheet problems to deflation and banking problems, a highly unconventional policy response is needed to stabilize the economy. After all, the last time anything similar has happened was the 1930s in the US.Richard Koo s experience in dealing with both the US banking crisis of the early 1980s and the Japanese balance sheet and banking problems of the last ten years makes him unique qualified to comment on this situation. He clearly explains how such a recession can happen in any economy following an asset price bubble, and how best to deal with it.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of this book? A: This book has two hundred eighty pages. It provides an in-depth analysis of Japan's economic situation and its global implications.
- Q: What are the dimensions of the book? A: The book measures six point two six inches in length, one point two six inches in width, and nine point three three inches in height. These dimensions make it a standard hardcover size.
- Q: What type of binding is used for this book? A: This book is bound in hardcover. Hardcover bindings are known for their durability and long-lasting quality.
- Q: How do I understand the concepts in this book? A: To grasp the concepts, read it sequentially, taking notes on key arguments. The book discusses complex economic theories in a clear, structured way.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. Richard Koo presents challenging ideas in an accessible manner, making it easier for newcomers to understand.
- Q: What is the reading level of this book? A: The reading level is aimed at adults and college students. It deals with advanced economic topics but is written clearly for broader audiences.
- Q: How should I store this book? A: Store this book upright on a shelf, away from direct sunlight and moisture. This will help preserve its physical condition and longevity.
- Q: Is there any special care needed for this book? A: No special care is needed, but avoid exposing it to extreme temperatures. Keeping it in a stable environment ensures its durability.
- Q: Can this book be damaged easily? A: While it is a hardcover book, it can still be damaged if mishandled. Avoid dropping or bending the pages to keep it in good condition.
- Q: How does this book compare to other economic literature? A: This book stands out due to its focus on balance sheet recessions, a less commonly discussed topic in economic literature. It offers unique insights into corporate behavior.
- Q: Is this book better for professionals or general readers? A: This book is suitable for both professionals and general readers. It provides valuable insights for economists while being accessible to laypeople.
- Q: What makes this book different from other finance books? A: This book uniquely addresses Japan's economic issues from a balance sheet perspective, contrasting with typical finance books that focus on market-driven problems.
- Q: What should I do if I receive a damaged copy? A: If you receive a damaged copy, contact the seller immediately for a return or exchange. Most reputable sellers have policies in place for such issues.
- Q: What is the return policy for this book? A: The return policy varies by seller, but generally, you can return the book within thirty days if it's in original condition. Check with the seller for specifics.
- Q: Who can I contact for support regarding this book? A: For support, contact the seller or publisher directly. They can assist with any questions or issues you may encounter.