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Confusion In The Japanese Economy: Four Problem Areas
Part 1 of Paper
....ncome, 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.... Part 2 of Paper
....ates 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 has stressed that he has no plans to devalue the yuan.
Meanwhile, many Americans and Malaysians, among others, are talking why
Japan is so helpless.
.... |
| Number of words: 1263 - Approximate pages: 5 |
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