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Confusion In The Japanese Economy: Four Problem Areas
Beginning of paper
I sense a major paradox surrounding Japan lately. If you look at GDP, or
the per capita national income, Japan is one of the richest countries in
the world. Trade surpluses are at record levels, foreign exchange reserves
are the highest in the world, and Japan is the biggest creditor nation in
the world. However, apart from 1995-96, business cond ....
Middle of paper
....are mentioned as the main problem countries. China's new
and powerful prime minister, Zhu Rongji, has come to be thought of as the
leader of Asia. He has stressed that he has no plans to devalue the yuan.
Meanwhile, many Americans and Malaysians, among others, are talking why
Japan is so helpless.
So, what is wrong with Japan?
First, not many pol.... |
| Word count: 1263 |
Page count: 5 |
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