Business cycles in developed economies have changed in many ways in the second half of the 20th century (compared to the pre-war period). The Japanese business cycles have been unique or different in certain aspects (compared to the previous development and to other developed countries or the average indicators). These particular features have intensified since the 1990´s, when Japan was hit by many serious macroeconomic problems. This study analyses key features of the Japanese post-war business cycles (with special attention to the period of the 1990´s). It compares the Japanese post-war expansions and recessions and the business cycles development in Japan and selected developed countries.
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