Can an information and communications technology revolution serve as the primary catalyst for reviving Japan's stagnant economic growth? The authors, a team of distinguished economists including Nobel laureate Lawrence R. Klein, utilize econometric modeling and historical data to analyze the structural impediments facing the Japanese economy. They argue that traditional fiscal and monetary policies are insufficient on their own and propose a shift toward technology-driven productivity as the key to long-term recovery.

Experts recognize this work as a significant contribution to the debate surrounding the 'lost decades' of the Japanese economy. Readers frequently note the technical density of the prose, which assumes a foundational understanding of macroeconomic theory and statistical modeling.