The below are links to two papers on Japan's economic policies, one from the American Enterprise Institute and the other from the Heritage Foundation.
AEI - Is Japan set to boom?
by John H. Makin
Heritage - Japan's National Budget: Time to Give Up on Keynesianism
by Derek Scissors and Kumi Yokoe
Two papers, each offering a completely different set policy prescriptions for Japan to follow to grow again.
For critiques of the AEI paper (no one has bothered touching the Heritage paper, yet) see the NBR Japan Forum posts by:
(Full disclosure: I have had communications with Mr. Alexander several times and two years ago had dinner with Mr. Katz and Dr. Smitka at an Asian fusion restaurant where the food was...indescribably bad.)
Why link to papers that offer bad advice? Because the intense focus of Japan's elites on the goings on in Washington can result in these damn things confusing the policy debate in Japan.
Later - Troy supplies a wonderful comment. Please click on the link.
Three more arrows to revive the Japanese economy
11 hours ago