What is Japan's Economic Crisis?

Hikaru Sato

Japanese Economy, 1997, vol. 25, issue 2, 3-20

Abstract: Pessimism over the Japanese economy is growing. "At this rate, the Japanese economy will collapse. Japan will be reduced to a third-class nation," are some of the endless of comments appearing in newspaper, magazine, and television reports. When we hear news about bank operations overloaded with bad loans, the downturn in stock prices, the sale of yen, the three-year decline in the trade surplus, the consumption tax hike, and the ongoing debate over increasing the patient share of medical expenses, a mood of pessimism is certainly not unwarranted.

Date: 1997
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DOI: 10.2753/JES1097-203X25023

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