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The Japanese Economy
Beginning of paper
“Once upon a time there was a densely populated island nation, which, despite its lack of natural resources, had managed through hard work and ingenuity to build itself into one of the world’s major industrial powers. But there came a time when the magic stopped working. A brief, overheated boom was followed by a slump that lingered fo .... Middle of paper
.... explore the failure of Japanese monetary policy to deal with its present economic crisis.
Background and the Problem
During the 1980s, policy makers and economists throughout the world envied Japan as a successful model of a strong global economy. Real GDP growth ranged from 4%-6% from 1984 until the economic bubble burst in 1993. The Yen was regarded as one of the world’s leading currencies. Interest rates ranged from 4.5% to 6%. Japan ....
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Number of words: 2288
Number of pages: 9 (approx. 250 words per double-spaced page)
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