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The Japanese Economy
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“Once upon a time there was a densely populated island nation, which, despite its lack of natural resources, had managed through hard work and ingenuity to build itself into one of the world’s major industrial powers. But there came a time when the magic stopped working. A brief, overheated boom was followed by a slump that lingered for most ....
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....6% from 1984 until the economic bubble burst in 1993. The Yen was regarded as one of the world’s leading currencies. Interest rates ranged from 4.5% to 6%. Japan operated at full employment. Household consumption increased by 2%. Foreign capital investments rose at unparalleled rates.
However, since the early 1990's, Japan's economy has bee.... |
| Word count: 2288 |
Page count: 9 |
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