Increased the opposition to the Koizumi initiative. But the worsening of the economicĬondition in 2001 due to the global IT recession and terrorist impact Services, putting a stop to generous highway construction, and of course, theīank reform. The government of prime minister Junichiro Koizumi (2001-) is Others argue that such reform should not be Some argue that painful reform is necessary Present seems to be whether or not bold reform measures should be taken at the Recession continues, and what should be done to end it. Naturally, the main topic of the Japanese economists today is why this Some people fear that Japan will have the Lost Two The 1990s is sometimes called the Lost Decade for Japan. But overall, it cannot be denied that Japan'sĮconomic performance in the last ten years was less than expected. Say transition to a new economy is being prepared under a recession and someĬompanies are doing very well. Some say Japan is still a very high income country. Economic statistics remain gloomy,Īnd more importantly, the nation's mood (both consumers and producers) hasīecome pessimistic.
Negative growth coupled with price deflation.
Since theĮarly 1990s when the asset bubble burst, Japan has suffered a slow and even The Bubble Burst and Recession:Īs you know, the Japanese economy is not doing well recently.
