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Confusion In The Japanese Economy: Four Problem Areas
Beginning of essay
I sense a major paradox surrounding Japan lately. If you look at GDP, or
the per capita national income, Japan is one of the richest countries in
the world. Trade surpluses are at record levels, foreign exchange reserves
are the highest in the world, and Japan is the biggest creditor nation in
the ....
Middle of essay
....uan.
Meanwhile, many Americans and Malaysians, among others, are talking why
Japan is so helpless.
So, what is wrong with Japan?
First, not many policies have substance. In their place we largely see
superficial debate.
Second, the economic policymakers--the politicians and bureaucrats--tend
only to pay attention to the problems financial section. In today's Japan,
the most important problems are not just finance; they have to do with the
economy as a whole. But for whatever reason only the f.... |
| Number of words: 1263 |
Approximate pages: 5 |
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