The purpose of this paper is to analyze the origins of the Japanese crisis of the 1990s and determine the ways the Japanese economy was recovered. Having done that, the Japanese crisis will be compared to the American crisis of 2008-2009 in terms of the causes of the economic downturn. Finally, after considering the similarities between the two crises, the conclusion will be made about what policies that the Japanese government implemented are applicable to the current situation in the United States.
Arina Shnaider. "Japanese versus American Financial Crises: Are there any Lessons to Learn from the Japanese Experience?." Proceedings of the New York State Economics Association. vol. 2, October 2009, p. 76-93
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