Restoring Japan’s Economic Growth is an in-depth analysis of why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's own self-interest. It demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than any supposed structural failures of the "Japan Model." The book outlines a program for putting the country back on the path to solid economic growth―primarily through permanent tax cuts and monetary stabilization―and draws broader lessons to be learned from the recent Japanese policy actions that led to the country's continuing stagnation.
— Richard N. Cooper, Foreign Affairs
"Its analysis is convincing, and its policy recommendations are... sensible. I strongly recommend it to economists and policymakers alike. I... hope that Japanese policymakers have the wisdom to heed his advice."