Economist debunks Japan's "stagnant" economy
Unpacking Japan
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The Evolution of Japan's Economic Landscape
This chapter examines Japan's economic transformation from the late 1980s to the 1990s, emphasizing the impact of the Plaza Accord and subsequent asset bubble. It shares personal insights from a political career during these pivotal changes, including challenges faced and the implementation of crucial reforms after financial crises. Additionally, it highlights Japan's unique corporate restructuring and adaptability, juxtaposed with perceptions of stagnation and long-term resilience.
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