An assessment of its growth since the 1970s, its downturn in 1990s as well as wages, trade, monetary policy, credit, banking and the role of the government.
Written in 2000; 2,025 words; 4 sources; $ 71.95
From the Paper:
"The Economy of Japan
Japan has the second largest economy in the world. Its Gross Domestic Product (GDP) totaled $4,193US billion in 1997 ($33,317US per capita). Thus, the Japanese enjoy a very high standard of living. Japan s foreign exchange reserves are the largest in the world ($203.22US billion in 1998) and Japan is the world's largest creditor. Labor productivity is one of the highest in the world and the labor market is regulated by the 1947 Employment Security Law. The Ministry of Labour seeks to prevent excessive dislocation or job mobility among workers, and employment services (such as employment agencies) are therefore tightly controlled.
Despite these successes, the Japanese economy has experienced a downturn in the 1990s. Growth has slowed, average annual GDP growth falling..."
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