"Engineering a successful transition out of deflation is one of the most challenging aspects of monetary policy, but the Bank of Japan just might be able to do it this time."

The United States government has offered ample advice to the Japanese government on ways to end its economic and financial crises.

The world saw such extraordinary uncertainty in 2011 that a simple failure to repeat that debilitating climate of uncertainty in 2012 may engender a moderate recovery, especially in the US economy.

After many years of false starts, the Japanese economy may finally be set to boom—or at least to enter a period of sustained growth with a sharply rising stock market.

In his latest Outlook, AEI scholar John Makin provides three lessons to be learned from the financial crisis to enable a quicker policy response to future crises.

Two years after its last deep downturn and period of financial instability, Japan’s economy appears to be heading toward a crisis. As the second-largest economy in the world and the largest global creditor, a crisis in Japan would be certain to have major repercussions in the United States and...

The loss of global economic momentum spells trouble for the second half of 2011.

We need good economics over politics, now more than ever. That means sensible tax reform, a Fed focus on maintaining liquidity, and rationalization of the European monetary system.