Contents -- Preface -- 1 Overview -- I. Explaining the 1990s -- 2 The Morning After: Explaining the Slowdown in Japanese Growth -- 3 Identifying the Shocks: Japan's Economic Performance in the 1990s -- 4 Explaining the Slump in Japanese Business Investment -- 5 Where Are We Going? The Output Gap and Potential Growth -- II. Financial and Fiscal Transmission Mechanisms -- 6 Too Much of a Good Thing? The Effectiveness of Fiscal Stimulus -- 7 Monetary Policy Transmission in Japan -- III. The Challenge of Corporate Restructuring -- 8 Financial Reorganization and Corporate Restructuring in Japan -- 9 Reform of Japan's Insolvency Laws9 Reform of Japan's Insolvency Laws.