Japan's amazing ability

Article Abstract:

Japan is the second largest economy world wide and the largest in Asia, and is a key player in the world economy. This means that it is important to know how far the Japanese economy will fall. Japan's economic peformance is especially important at a time when emerging markets face problems and the US may hit a recession. The bankrupt financial system, deflation and depressed consumption of the Japanese economy could also lead to depression and contagion. Japanese political leaders have realised that economic reform has to be carried out, but there are problems with other econpies such as Brazil and Russia.

Editorial

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Hold on, Japan's busy

Article Abstract:

The US has criticised Japanese leaders for not being successful in promoting economic recovery. Japanese minister of finance, Kiichi Miyazawa, has promised a package of fiscal stimuli, and interest rates have been cut. The prime minister, Keizo Obuchi, is not seen as likely to remain in his post for over a year, and further financial problems would mean his time in office would be shortened. Meanwhile, the economic is seen as suffering from a prolonged slump by the Economic Planning Agency.

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Japan's tender spring

Article Abstract:

The Japanese government sees an end to recession, and policies to promote recovery include aid to small business. Consumers are important for the Japanese economy, and their behavior will determine whether or not there is a recovery. The problems of the banking industry appear to be under control, but there is concern about rising unemployment. The government plans deregulation, but there are limits to its ability to boost growth through spending, due to high debt levels.

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