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 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Social Sciences(all)
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Cite this
Nakajima, T. (2004). Japanese society under marketization and globalization. In Changing Japanese Business, Economy and Society: Globalization of Post-Bubble Japan (pp. 203-219). Palgrave Macmillan. https://doi.org/10.1057/9780230524040_10