Japan's Growth: Cracking the Code or Short-Term Blip?

This chapter analyzes the sudden surge in Japan's growth rate, exploring whether it signifies a long-awaited breakthrough or is just a temporary phenomenon. It examines the factors contributing to this growth, including industrial investment and rebound in tourism, but highlights the weak domestic consumption numbers. The chapter also delves into Japan's history of economic policy experimentation, its geopolitical concerns with China, its industrial policy strategies, and the notion of whether economic stagnation is truly a crisis.