Tag: #Japan

Perspectives on the Japanese economy – series II

07/11/2025

Series II Reasons behind the slowdown; standard economic cycle behaviour or a peculiarly Japanese problem? All economies go through cycles. Standard economic cycles range from 5-7 years, The unusual feature of the Japanese path is that it has been sustained for longer than normal. As will be argued below, the decline in the high savings rate, formerly a bedrock of the Japanese economy is seen a principal reasons for this decline but there are other characteristics of the Japanese economy

Perspectives on the Japanese economy – series I

02/11/2025

Series I Introduction The Japanese economy and its stunning economic success were a major topic of discussion for economics students in Australia in the 1970s. I learned with much interest about the post war Japanese economic miracle which began in the 1960’s. The dominance of Japanese in electronics and cars well into the 1980’s confirmed the appearance of continuing economic prosperity. Yet within this growth and consolidation period there was always a nagging concern ; The Japanese national debt was always