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Confusion In The Japanese Economy: Four Problem Areas
Beginning of paper
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 world. However, apart from 1995-96, bus .... Middle of paper
.... Japan is now a financial giant. Is it strange that Japanese banks
have to pay higher interest rates when they borrow money?
At the international conferences I have attended over the past few months,
whenever the Asian crisis is discussed, four countries--Thailand, Indonesia,
Korea, and Japan--are mentioned as the main problem countries. China's new
and powerful prime minister, Zhu Rongji, has come to be thought of as the
leader of Asia. He ....
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Number of words: 1263
Number of pages: 5 (approx. 250 words per double-spaced page)
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