Education About Asia: Online Archives

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Feature Article

The Japanese Government and the Economy: Twenty-First Century Challenges

Japan continues to provide a fascinating case study for economists and political scientists who study the way market economies function. From the 1950s through the 1980s, that fascination had been fueled by high rates of economic growth, generated by an economy that operated under very different rules than those generally taught in American economics courses. In the 1990s, Japan presented an equally fascinating set of problems—slow growth, deflation (for the first time in an advanced economy s...