Mieno links the recession to structural transformation

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• Princes of the Yen whole source · open book

  In 1993, when the recession had already started (triggered by window guidance), Mieno pointed out that thanks to this recession everyone was becoming “conscious of the need to implement such transformation,” as the Maekawa report had envisaged.

  chapter: 14. The Goal of Monetary Policy

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• Richard Werner author of the source

Appears in 2 stories

• Princes of the Yen: Japan built, bubbled, and broken step 227
• The lost decade: credit crunch, stimulus, and broken banks step 14

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