Any topic (writer’s choice)

Please answer TWO of the following questions. Each response should be roughly 600-
800 words.All written work must be your own. That includes proofreading. By submitting the completed exam to Blackboard, you are formally attesting that it is your own work.
Please quote and cite all written work. You do not need to consult any texts beyond the assigned readings, but you should let me know what sources you used. Also, you should let me know if you are using the Flath textbook that is available through the library rather than Ito & Hoshi.

1. Discuss Japans bubble economy. What factors account for unsustainable asset
price inflation from 1985-90? Why did the bubble end abruptly in 1990? Your
answer should address monetary and fiscal policy, exchange rate policies, and
financial disintermediation.
2. What were the causes and effects of Japans financial crisis that began in 1997?
Your answer should also address financial and monetary policies that were
implemented to manage the crisis.
3. Discuss Abenomics. What were the key elements of Abenomics? How did they
seek to address both supply and demand challenges? What elements of
Abenomics do you think were the most successful, and why?

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