Confusion in the Japanese Economy: Four Problem Areas 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, business conditions have been continuously bad since 1991. In 1997, real growth was 0.9%. In the OECD forecast, which came out in March of this year, real growth for 1998 is projected to be....

Number Of Words: 1274

Number Of Pages: 5

Join today and get unlimited access to our vast database of student-written essays and term papers. This paper along with over 45,000 other papers are available in our member's area right now. Full instant access is just seconds away! Membership Options Price 1 month  subscription $18.95 recurring        3 months subscription $34.95 recurring        6 months subscription $59.95 non-recurring