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Hugh Patrick

Hugh Patrick is Director of the Center on Japanese Economy and Business at the Graduate School of Business and R. D. Calkins Professor of International Business Emeritus at Columbia University.

Titles by This Editor

Problems and Prescriptions

Japan, the world's second largest economy, has suffered from a prolonged period of stagnation and malaise since 1991. Subpar growth, failing banks, plummeting real estate and stock prices, deflation, unprecedented unemployment, and huge government liabilities have persisted, despite extraordinary fiscal and monetary policy fixes.