Japanese asset

Japanese asset Read the chapter and answer the reading questions Krugman (2009), The Return of Depression Economics and the Crisis of 2008, New York, NY: W. W. Norton & Company, Inc. Question will need the reading of Chapter 3, 9 and 11 Chapter 3 1.    Explain some of the evidence that Japanese asset values were overpriced. 2.    What is a moral hazard?  How does it apply to the savings and loan example looked at in class? 3.    What is a growth recession? 4.    What happened to the Japanese economy? 5.    What is a liquidity trap? 6.    What did Japan try to do to get out of its growth recession? Chapter 9 7.    What happened to the US housing market? 8.    What happened in the shadow banking system? 9.    What troubles has the Fed encountered?  Why?