Abstract
Who could have imagined the miserable performance the Japanese economy has displayed since the 1990s? The average real GDP growth rate during the 1990s was 1.4 per cent, and the unemployment rate reached 5 per cent in July 2001. The recession period after the bursting of the bubble in 1991 has been called the lost ten years. What was wrong during that time? Many hypotheses have been presented: demand shortage, policy failure, bad loans, and a pessimistic view of the future. The truth may not be known for another ten years.
| Original language | English |
|---|---|
| Title of host publication | Changing Japanese Business, Economy and Society: Globalization of Post-Bubble Japan |
| Publisher | Palgrave Macmillan |
| Pages | 203-219 |
| Number of pages | 17 |
| ISBN (Electronic) | 9780230524040 |
| ISBN (Print) | 9781403941343 |
| DOIs | |
| Publication status | Published - 2004 Jan 1 |
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ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Social Sciences(all)
Cite this
Japanese society under marketization and globalization. / Nakajima, Takanobu.
Changing Japanese Business, Economy and Society: Globalization of Post-Bubble Japan. Palgrave Macmillan, 2004. p. 203-219.Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - Japanese society under marketization and globalization
AU - Nakajima, Takanobu
PY - 2004/1/1
Y1 - 2004/1/1
N2 - Who could have imagined the miserable performance the Japanese economy has displayed since the 1990s? The average real GDP growth rate during the 1990s was 1.4 per cent, and the unemployment rate reached 5 per cent in July 2001. The recession period after the bursting of the bubble in 1991 has been called the lost ten years. What was wrong during that time? Many hypotheses have been presented: demand shortage, policy failure, bad loans, and a pessimistic view of the future. The truth may not be known for another ten years.
AB - Who could have imagined the miserable performance the Japanese economy has displayed since the 1990s? The average real GDP growth rate during the 1990s was 1.4 per cent, and the unemployment rate reached 5 per cent in July 2001. The recession period after the bursting of the bubble in 1991 has been called the lost ten years. What was wrong during that time? Many hypotheses have been presented: demand shortage, policy failure, bad loans, and a pessimistic view of the future. The truth may not be known for another ten years.
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U2 - 10.1057/9780230524040_10
DO - 10.1057/9780230524040_10
M3 - Chapter
AN - SCOPUS:85016788608
SN - 9781403941343
SP - 203
EP - 219
BT - Changing Japanese Business, Economy and Society: Globalization of Post-Bubble Japan
PB - Palgrave Macmillan
ER -